World Gaming PLC
16 December 2005
FOR IMMEDIATE RELEASE 16 DECEMBER 2005
WORLD GAMING PLC
(AIM)
('World Gaming' or the 'Group')
DIRECTORS' DEALINGS
AND
ISSUE OF EQUITY
The Board of World Gaming announces that certain of its Directors have exercised
options to purchase the Group's ordinary shares, as follows:
James H. Grossman: exercised an option to purchase 250,668 ordinary shares
(leaving Mr. Grossman with vested and unvested active options
to purchase 1,199,332 ordinary shares);
A. Daniel Moran: exercised an option to purchase 250,668 ordinary shares
(leaving Mr. Moran with vested and unvested active options to
purchase 2,249,332 ordinary shares);
David Naismith: exercised an option to purchase 250,664 ordinary shares
(leaving Mr. Naismith with vested and unvested active options
to purchase 1,399,336 ordinary shares); and
Clare Roberts exercised an option to purchase 48,000 ordinary shares
(leaving Mr. Roberts with vested and unvested active options
to purchase 427,000 ordinary shares).
All of the 800,000 ordinary shares purchased by the Directors pursuant to the
above-referenced option exercises were sold on the 12 December 2005, raising £1
million for the Directors. The foregoing sales were at £1.25 per ordinary share,
the same price per ordinary shares at which the Group's ordinary shares were
sold in the placing announced following the Company's Annual General Meeting on
Friday 9 December 2005.
In addition, the Board announces that the 5,540,166 ordinary shares to the
vendor of the SPORTSBETTING.Com Group, as detailed in the admission document
published on the 14 November 2005, have been issued and allotted. It is expected
that these shares will be admitted to trading on AIM on the 21 December 2005.
--ENDS--
Enquiries:
World Gaming plc Tel. +1 888 883 0833
Daniel Moran, Chief Executive
Daniel Stewart & Company plc Tel. 020 7776 6550
Ruari McGirr
Bishopsgate Communications Limited Tel: 020 7430 1600
Maxine Barnes
U.S. Securities Act Notice
The Ordinary Shares sold by the Directors and by the Company in the recent
placing have not been and will not be registered under the U.S. Securities Act
of 1933 (the 'Securities Act') and may not be offered or sold in the United
States or to a U.S. person (as such term is defined in Regulations S under the
Securities Act) absent registration or an applicable exemption from registration
under the Securities Act.
Notes to Editors
World Gaming is an internet Gaming Software provider offering a comprehensive
suite of products and services for internet gaming Operators and white-label
partners. World Gaming offers a wide range of integrated online gaming solutions
including sportsbook, racing, casino and poker, supported by comprehensive
e-commerce, customer service and back-office management systems.
Through its wholly-owned subsidiaries, the Group licenses the Gaming Software
and provides a complete package of related services for which it charges a
royalty and other fees to Operators.
Prior to October 2004, the Gaming Software was owned and developed solely by the
Group through its wholly-owned subsidiaries. A joint venture agreement with
Sportingbet Plc was entered into in October 2004, pursuant to which the Gaming
Software was transferred to an equally owned exempt liability partnership with
Sportingbet Plc.
World Gaming's Ordinary Shares are traded on the London Stock Exchange,
Alternative Investment Market ('AIM') under the symbol WGP and the Over The
Counter Bulletin Board market in the U.S. under symbol WGMGY.
Further information on the Company can be found at
www.worldgaming.com
This information is provided by RNS
The company news service from the London Stock Exchange
DSBQLFFELBLFBZ
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.