World Gaming PLC
05 January 2006
FOR IMMEDIATE RELEASE 05 JANUARY 2006
WORLD GAMING PLC
('World Gaming' or 'the Company')
The Company was notified on the 3 January that Mr James H. Grossman exercised
249,332 options at 14 cents per share and now has 950,000 remaining options.
Mr Grossman now holds 284,334 ordinary shares representing 0.56 per cent. of the
Company's issued share capital. The total number of issued ordinary shares is
Mr Grossman has undertaken to the Company and Daniel Stewart that, save in
certain limited circumstances, he will not dispose of any interest in any
Ordinary Shares held by himself (and will use his reasonable endeavors to
procure that any connected person within the meaning of the Act does not dispose
of their interests in Ordinary Shares) until 17 May 2006, being 12 months from
initial Admission of the Company's shares to trading on AIM, other than with the
prior written consent of Daniel Stewart and for a further twelve months, only
after having consulted Daniel Stewart, or the Company's then broker and
nominated adviser, so as to ensure the maintenance of an orderly market in the
Application has been made for 249,332 new ordinary shares to be admitted to
trading on AIM and admission is expected to occur on 11 January 2006.
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