11th Sep 2015 15:13
LONDON (Alliance News) - Gaming company GVC Holdings PLC said Chairman Lee Feldman bought 20,400 shares at 405 pence each on Friday.
Earlier Friday, the company said that Feldman bought 10,482 shares at 402.5p each. He now holds 165,957 shares or 0.2% of issued shares, after both deals. 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.
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 2.3% at 409.25p Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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