Confirmation re post-offer intention statements

RNS Number : 2407U

GVC Holdings PLC

28 March 2019

 

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

28 March 2019

GVC Holdings PLC

("GVC")

Rule 19.6(c) confirmation in respect of post-offer intention statements made in relation to Ladbrokes Coral Group plc

GVC announces that further to the completion of its recommended cash and share offer for the entire issued and to be issued ordinary share capital of Ladbrokes Coral Group plc, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 on 28 March 2018, its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that GVC has complied with its post-offer intention statements made pursuant to Rule 24.2 of the Code, as detailed in the scheme document published on 9 February 2018.

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LEI: 213800GNI3K45LQR8L28

Enquiries:

GVC Holdings PLC
Kenneth Alexander, Chief Executive Officer
Rob Wood, Chief Financial Officer
Paul Tymms, Director of Investor Relations & Corporate Communications	([e-mail])

Media enquires:

Buchanan Communications
David Rydell / Chris Lane / Jamie Hooper / Hannah Ratcliff	Tel: [phone]

About GVC Holdings PLC:

GVC Holdings PLC is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK's largest high street bookmaker, with over 3,400 betting shops. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.

For more information see the Group's website: www.gvc-plc.com

 

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