Result of Extraordinary Gener

RNS Number : 3723Y

GVC Holdings PLC

21 December 2010

 



Press Release

21 December 2010

GVC Holdings PLC

("GVC" or the "Group")

Result of Extraordinary General Meeting

GVC Holdings PLC (AIM:GVC), a leading online gaming company, announces that, at the Extraordinary General Meeting of the Company held earlier today, the resolution to liquidate Gaming VC Holdings S.A,  the old Luxembourg holding company, was duly passed.

On 21 May 2010, shareholders voted for the redomiciliation of the Group from Luxembourg to the Isle of Man.

This was achieved through the creation of a new holding company, GVC Holdings PLC, and by admitting its shares onto AIM.  The assets and liabilities of Gaming VC Holdings S.A. (the old Luxembourg company) were transferred to the new company, GVC, as part of this process.  Gaming VC's shares were then delisted from AIM and today have negligible value.

As part of the technical administration process to liquidate Gaming VC, shareholders of that old company at 21 May 2010, have voted to liquidate that company in order to reduce the professional costs of retaining a dormant company.

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For further information:

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

Arbuthnot Securities Limited	Tel: [phone]
James Steel / Ed Gay

Media enquiries:

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

About GVC Holdings PLC

GVC Holdings is a leading online gaming company.  The Group is headquartered in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.

In December 2004, the shares of Gaming VC Holdings S.A., GVC's predecessor company, were admitted to the AIM market of the London Stock Exchange.  The GVC Group has not and has never transacted wagering activity by players in the US.  Further information on the Group is available at www.gamingvc.com.

 

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