Statement re Press Speculation

RNS Number : 3238N

GVC Holdings PLC

15 May 2015

 

GVC Holdings PLC

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

Statement re. Press Speculation

GVC Holdings PLC (AIM:GVC), a leading online sports betting and gaming group, notes the recent press speculation and confirms that it has submitted a proposal with a view to the Group acquiring the entire issued and to be issued share capital of bwin.party digital entertainment plc ("bwin.party").

If the proposed transaction were to complete, it would be treated as a reverse takeover due to the size of bwin.party relative to the Company and, in order for the proposed transaction to proceed, it would require, inter alia, the approval of GVC shareholders.

There can be no certainty that the submission of this proposal will lead to the Company being selected as a proposed acquirer of bwin.party or, in turn, completing an acquisition.  Further updates will be provided in due course.

- Ends -

For further information:

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, Italy, Alderney and the Dutch Caribbean.

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

 

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