World Gaming PLC
09 December 2005
FOR IMMEDIATE RELEASE 9 DECEMBER 2005
WORLD GAMING PLC
('World Gaming' or 'the Company')
RESULT OF AGM
Following the Company's Annual General Meeting ('AGM'), held in London today,
the Board of World Gaming announces that all resolutions put to the meeting were
The Company has placed 5,600,000 million shares conditional on admission to
trading on AIM, which is expected to be on Monday 12 December 2005. This placing
consists of 4,800,000 new ordinary shares raising £6 million for the Company
before expenses for the Company and 800,000 new ordinary shares on behalf of
certain selling directors. The Company is also in the process of signing a term
loan of $40 million and a revolving credit facility of $5 million which is the
final condition for completion of the acquisition of the SPORTSBETTING.COM Group
which was announced on 25 October 2005.
World Gaming plc Tel. +1 888 883 0833
Daniel Moran, Chief Executive
Daniel Stewart Securities Tel. 020 7776 6550
Bishopsgate Communications Limited Tel: 020 7430 1600
The Ordinary Shares have not been and will not be registered under the U.S.
Securities Act of 1933 (the 'Securities Act') and may not be offered or sold in
the United States or to a U.S. person (as such term is defined in Regulations S
under the Securities Act) absent registration or an applicable exemption from
registration under the Securities Act.
Notes to Editors
World Gaming is an internet Gaming Software provider offering a comprehensive
suite of products and services for internet gaming Operators and white-label
partners. World Gaming offers a wide range of integrated online gaming solutions
including sportsbook, racing, casino and poker, supported by comprehensive
e-commerce, customer service and back-office management systems.
Through its wholly-owned subsidiaries, the Group licenses the Gaming Software
and provides a complete package of related services for which it charges a
royalty and other fees to Operators.
Prior to October 2004, the Gaming Software was owned and developed solely by the
Group through its wholly-owned subsidiaries. A joint venture agreement with
Sportingbet Plc was entered into in October 2004, pursuant to which the Gaming
Software was transferred to an equally owned exempt liability partnership with
World Gaming's Ordinary Shares are traded on the London Stock Exchange,
Alternative Investment Market ('AIM') under the symbol WGP and the Over The
Counter Bulletin Board market in the U.S. under symbol WGMGY.
Further information on the Company can be found at
This information is provided by RNS
The company news service from the London Stock Exchange