Update re Offer discussions

RNS Number : 5750T

GVC Holdings PLC

21 July 2015

 

GVC Holdings PLC

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

Update re Offer discussions

The directors of GVC note the recent press speculation concerning the Company's proposal to acquire bwin.party digital entertainment plc ("bwin.party") at 110p per bwin.party share comprised of a combination of new GVC shares and cash  (as announced on 9th July 2015) and following the announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888") concerning 888's recommended offer for bwin.party at 104.09 per bwin.party share (based on the 888 closing price on 16th July 2015 of 160 pence per 888 share).

There can be no certainty that an offer for bwin.party will be made by the Company. However, the GVC Board confirms that it is considering the Company's options regarding bwin.party and will update shareholders accordingly.

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For further information:

Cenkos Securities plc (Nomad & Broker)	Tel: [phone]
Mark Connelly, Stephen Keys, Camilla Hume
Houlihan Lokey (Financial Adviser) David Sola	Tel: [phone]

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, Denmark, UK, South Africa, Italy, Alderney and the Dutch Caribbean.

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

 

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