Result of Extraordinary Gener

RNS Number : 3328M

Gaming VC Holdings S.A.

21 May 2010

 



Press Release

21 May 2010

Gaming VC Holdings S.A.

("Gaming VC" or the "Company" and, together with its subsidiaries, the "GVC Group")

Result of Extraordinary General Meeting

The Board of Gaming VC is pleased to announce that, at the Extraordinary General Meeting of the Company held earlier today, all resolutions were duly passed.

As part of the Redomiciliation, Gaming VC Shareholders will receive one share in GVC Holdings PLC ("GVC Holdings"), the new Isle of Man incorporated holding company for the GVC Group, for each existing Gaming VC Share (or Depository Interest) held.  As a result, Shareholders will hold the GVC Holdings Shares in the same proportions as they currently hold the Gaming VC Shares and the ownership and issued share capital of GVC Holdings will mirror the ownership and issued share capital of Gaming VC immediately prior to the Redomiciliation, save that the GVC Holdings Shares will carry a lower par value than the Gaming VC Shares.

Application has been made for the GVC Holdings Shares to be admitted to trading on AIM and it is expected that they will be so admitted at 8.00 a.m. on Monday 24 May 2010. The ISIN for the GVC Holdings Shares is IM00B5VQMV65.

The GVC Holdings Shares are expected to be credited at 8.00 a.m. on Monday 24 May 2010 to the CREST accounts of those Depository Interest holders who completed and returned their CREST Dematerialisation Forms in line with the procedure set out in the circular of Gaming VC dated 19 April 2010.  Certificates in respect of the GVC Holdings Shares are expected to be issued by 9 June 2010. Pending despatch of certificates in respect of the GVC Holdings Shares, Transfers will be certified against the register.

Following the Redomiciliation the existing Gaming VC shares will cease to hold any intrinsic value and their admission to trading on AIM is expected to be cancelled on Monday 24 May 2010.

All capitalised terms are as defined in the GVC Holdings' Admission Document dated 19 April 2010.

- Ends -

For further information:

Gaming VC Holdings S.A.
Richard Cooper, Group Finance Director	Tel: [phone]
	www.gamingvc.com

Arbuthnot Securities Limited	Tel: [phone]
James Steel / Ed Gay

Media enquiries:

Abchurch
Henry Harrison-Topham / Nick Probert	Tel: [phone]
[e-mail]	www.abchurch-group.com

Further information on the Group is available at www.gamingvc.com.

 

END

 

 

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