Replacement AGM Trading Update

RNS Number : 3716M

GVC Holdings PLC

06 May 2015

 

The following amendment has been made to the 'AGM Trading Update' announcement released on 5 May 2015 at 7:01am under RNS No: 0690M.

Amendment to the GBP pence per share figure: "Subject to the passing of resolution 3 at today's AGM, shareholders on the register on 10 April 2015, will be paid a dividend of 15.5€cents (11.3925 pence) per share tomorrow, Wednesday 6 May 2015."

Addition of footnote clarifying the exchange rate used ("£1: €1.3605442")

All other details remain unchanged.

The full amended text is shown below.

GVC Holdings PLC

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

AGM Trading Update

GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b markets, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held today at 11.00 hours in the Isle of Man.

Subject to the passing of resolution 3 at today's AGM, shareholders on the register on 10 April 2015, will be paid a dividend of 15.5€cents (11.3925 pence)^[1] per share tomorrow, Wednesday 6 May 2015.

Net Gaming Revenue, ("NGR") for the first 120 days to 30 April 2015 averaged €658k per day, up 17.5% on the same period in 2014, on a sports margin of 8.75% against a 2014 comparison of 9.62%. Sports wagers continue to grow strongly and in the first 120 days to 30 April 2015, rose 21.4% to €4,590k per day over €3,782k per day in the comparable period in 2014.

The table below shows the average per day Since 1 January 2014:

Average per day in €000's	120 days to 30.04.15	120 days to 30.04.14	% change
Sports NGR	311	270	15.2%
Gaming NGR	347	290	19.7%
Total NGR	658	560	17.5%
Sports wagers	4,590	3,782	21.4%
Sports margin	8.75%	9.62%

Kenneth Alexander, Chief Executive of GVC Holdings plc, said:

The board is delighted by the strong start to 2015 despite a lower sports margin % as a result of punter friendly results so far this year as has been commented upon already by a number of our peers. The business continues to show impressive growth and we continue to remain confident for the rest of the year.

- Ends -

For further information:

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

Cenkos Securities plc (Nomad & Broker)	Tel: [phone]
Mark Connelly, Stephen Keys, Callum Davidson

Media enquiries:

Bell Pottinger	Tel: [phone]
David Rydell, James Newman

About GVC Holdings PLC

GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets.  Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has over 700 employees/consultants and is headquartered in the Isle of Man and has licenses in Malta, Germany, Denmark, UK, South Africa, Alderney and the Dutch Caribbean.

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

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[1] Exchange rate:  £1: €1.3605442

 

END

 

 

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