Transfer of Shares

RNS Number : 0014Y

GVC Holdings PLC

23 February 2012

 



Press Release

23 February 2012

GVC Holdings PLC

("GVC", the "Group" or the "Company")

Transfer of shares

GVC Holdings PLC (AIM:GVC), a leading online gaming company, today announces that two of its directors have each transferred their entire holdings of ordinary shares of €0.01 each in the Company ("Shares") to their respective spouses (the "Transfer") as part of their personal financial planning.

It was an obligation placed upon the executive directors that they were required to retain their Restricted Shares during the period of their employment with the Group.  Under the terms of the Retention Agreement, this obligation has been transferred to Caroline Alexander and Pascale Mourier Cooper, who have agreed to retain the Restricted Shares, subject to certain very limited exemptions, until the date on which either Mr Alexander or Mr Cooper cease to be both an employee and a director of any member of the GVC Group.

It remains an obligation on Messrs Alexander and Cooper to reinvest a portion of any bonuses awarded in the shares of GVC.

The details of the Transfer are listed below:

·     Mr Kenneth Alexander, Chief Executive Officer, has today transferred 313,333 Shares to his spouse, Caroline Alexander, for nil consideration.  233,333 of these Shares were acquired by Mr Alexander following the exercise of options under the Share Option Plan of the Company adopted on 2 December 2004 ("Restricted Shares") and as announced on 15 November 2011; and

·     Mr Richard Cooper, Finance Director, has today transferred 135,000 Shares to his spouse, Pascale Mourier Cooper, for nil consideration.  100,000 of these shares were acquired by Mr Cooper following the exercise of options under the Share Option Plan of the Company adopted on 2 December 2004 ("Restricted Shares") and as announced on 15 November 2011.

Following the Transfer, both director's beneficial interests in the shares will remain unchanged and are as follows:

Director	Number of Shares transferred to spouse	Holding (unchanged by transfer)	Percentage holding following transfer
Kenneth Alexander	333,333	313,333	0.995%
Richard Cooper	135,000	135,000	0.429%

- Ends -

For further information:

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

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

Media enquiries:

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

About GVC Holdings PLC

GVC Holdings PLC is a leading online gaming company.  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.gamingvc.com.

 

END

 

 

RDSLLFLFFAIVFIF