Completion of sale

RNS Number : 0540Y

Gaming Realms PLC

16 August 2018

 

16 August 2018

Gaming Realms plc

("Gaming Realms," the "Company" or the "Group")

Completion of sale  

Further to the announcements on 27 June 2018 and 18 July 2018, regarding the proposed transaction to sell a 70% stake in most of Gaming Realms' UK online casino B2C business to River UK Casino Limited, the Company is pleased to confirm that the sale has now completed.

The Company also confirms that the initial consideration payment of £4.2 million cash has been received in accordance with the completion of the sale. 

-Ends-

Enquiries:

Gaming Realms plc	0845 123 3773
Patrick Southon, CEO Mark Segal, CFO
Akur Limited (Financial Adviser) David Shapton Matthew Smith Alexander Bergqvist	020 7493 3631
Peel Hunt LLP (Nominated Adviser and Broker)	020 7418 8900
Dan Webster George Sellar Nicole McDougall
Yellow Jersey (PR Adviser)	07747 788 221
Charles Goodwin Georgia Colkin                                    Abena Affum

About Gaming Realms

Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK, U.S. and Canada. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.

 

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