Offer Talks Terminated

RNS Number : 4985C

Gaming VC Holdings S.A.

02 September 2008

 



2 September 2008

Gaming VC Holdings S.A.

Cessation of Offer Discussions and Corporate Update

The board of directors of Gaming VC Holdings S.A. (the 'Company') announces that it has been informed by the party which made the preliminary approach notified on 17 April 2008 that it does not wish to proceed with an offer for the Company at this time.

The Company confirms that it is continuing to trade in line with market expectations and that it expects to announce its interim results for the 6 months to 30 June 2008 on 18 September 2008. 

The Company is considering a request for board representation from Audley Capital Management Limited ('Audley'), which currently holds 29.3% of the issued share capital of the Company. Audley has confirmed that it has no current plans to dispose of its shareholding in the Company. 

The board will also consider a share buy-back programme in due course.

For further information:

Gaming VC Holdings S.A.

Adrian Smith, Non-Executive Chairman                     Tel: [phone]

Kenny Alexander, Chief Executive            

www.gamingvc.com

Arbuthnot Securities Limited                                      Tel: [phone]

James Steel / Paul Vanstone, Corporate Finance 
www.arbuthnotsecurities.co.uk

Media enquiries:

Abchurch

Chris Lane / Stephanie Cuthbert                                 Tel: [phone]

www.abchurch-group.com

 

END

 

 

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