Temporary Suspension of Trading

RNS Number : 7481O

GVC Holdings PLC

16 October 2012

 



Press Release

16 October 2012

GVC Holdings PLC

("GVC" or the "Company")

Temporary Suspension of Trading

GVC Holdings PLC (AIM:GVC), a leading provider of B2B and B2C services to the online gaming and sports betting markets, announces that following the agreement of terms in connection with the possible offer by GVC and William Hill plc for Sportingbet plc ("Sportingbet") announced earlier today, the Board notes that historic financial information in relation to the parts of the Sportingbet's business which may be acquired by GVC has yet to be extracted from Sportingbet's consolidated accounts.  Accordingly, the Board has requested a temporary suspension of trading in the Company's ordinary shares which will take effect from 7:30 a.m. today.

These discussions are at a preliminary stage and there can be no certainty that they will be concluded successfully.  A further announcement will be made in due course.

- Ends -

For further information:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer	Tel: [phone]
Richard Cooper, Group Finance Director	www.gvc-plc.com

Daniel Stewart & Company Plc	Tel: [phone]
Paul Shackleton / David Hart / James Felix	www.danielstewart.co.uk

Media enquiries:

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

About GVC Holdings PLC

GVC Holdings PLC is a leading provider of B2B and B2C services to the online gaming and sports betting markets.  The Group is headquartered in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.

Further information on the Group is available at www.gvc-plc.com

 

END

 

 

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