Acquisition of Interest

RNS Number : 9515Z

Guinness Peat Group PLC

25 July 2008

 



Re Inspired Gaming Group plc

The following is the text of a letter which is being sent today by Guinness Peat Group plc ("GPG") to Inspired Gaming Group plc ("Inspired") in connection with GPG's purchase of shares in Inspired.

"Disclosure of Interest in Shares pursuant to Rule 8 of the Takeover Code ("the Code")

Guinness Peat Group plc and its subsidiary companies ("the Group") hereby notify Inspired Gaming Group plc ("Inspired") that, following participation in the Placement by Inspired, it has acquired 5,000,000 Convertible Preference Shares of Inspired ("Prefs") at £0.50 per Pref. The Group's direct long interest in the relevant securities (as defined in the Code) being the Prefs now amounts to 5,000,000 Prefs representing 6.25% of the issued Prefs of Inspired.

Furthermore, and in accordance with its announcement of 18 June 2008, GPG hereby confirms that the Group's direct long interest in the relevant securities (as defined in the Code) being Ordinary shares of Inspired ("Shares"), remains 2,000,000 Shares representing 2.75% of the issued Shares.

The Group has an interest by virtue of being a Rule 8 shareholder of Inspired.  No member of the Group is party to any agreement or arrangement relating to the exercise of any rights conferred by holding the Shares the subject of this notification."

Richard Russell 
Company Secretary 
Guinness Peat Group plc 
Tel: [phone]

25 July 2008

 

END

 

 

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