11th Sep 2015 12:47
(Correcting Alexander's percentage holding.)
LONDON (Alliance News) - Gaming company GVC Holdings PLC said Chief Executive Officer Kenneth Alexander bought 61,725 shares at a price of 405 pence per share Friday.
Following this transaction, Alexander holds 170,465 shares, which represents 0.28% stake in GVC.
The company also said that Lee Feldman, chairman, bought 10,482 shares on Friday at 402.5p each. He holds 145,557 shares or 0.24% of issued shares.
Last week GVC Holdings secured a recommendation for its takeover bid for Bwin.Party Digital Entertainment PLC, forsaking the agreement previously reached with 888 Holdings PLC and prompting 888 to withdraw from the tussle.
The offer will include a 'mix and match' facility, so that Bwin shareholders will be able to elect to vary the proportions of cash and new GVC shares they receive. Following completion, Bwin shareholders will own about 66.6% of the enlarged group.
GVC was trading up 1.6% at 406.20p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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GVC.L888.LBPTY.L