8th Feb 2007 17:21
Gaming VC Holdings S.A.08 February 2007 Press Release 8 February 2007 Gaming VC Holdings S.A. ("Gaming VC" or "the Company") Directors' and Executives' dealings Gaming VC Holdings S.A. announces that, further to its announcement made on 2February 2007 that Kenny Alexander will join the Company as Chief ExecutiveOfficer from 1 March 2007, Mr Alexander has, subject to taking up theappointment and remaining in the employment of the Company, today been grantedoptions over a maximum of 800,000 new Ordinary Shares in the Company ("OrdinaryShares"). The option price agreed is the greater of (i) £1 and (ii) the threeday average of the middle market quotation of the Ordinary Shares on 5 - 7February 2007. The options will vest over four years and their terms mirror therules of the Company's Share Option Plan. On 7 February, 2007, the Company received notice that, on 6 February 2007,Steven Barlow, a director of the Company, gifted (for no consideration) 300,000Ordinary Shares to the Steven Barlow 2007 Qualified Annuity Trust (the "2007Trust"). The 2007 Trust was established solely for the benefit of Mr. Barlow andhis descendants. On 6 February 2007, Mr. Barlow previously received 200,000 Ordinary Shares (forno consideration) out of the Steven Barlow 2005 Annuity Trust (the "2005Trust"). The first (and final) annuity payment under the Steven Barlow 2005Annuity Trust required that all 200,000 shares of the Company be distributed toMr. Barlow. The 2007 Trust will pay Mr. Barlow an annuity payment on February6, 2008 and on February 6, 2009. The number of shares that he may receive backfrom the 2007 Trust on each of these two anniversary dates will be dependant onthe share price on those dates. Following these transfers on 6 February 2007, Mr Barlow has the sole beneficialinterest in 2,151,927 Ordinary Shares, representing 6.91% of the existing issuedordinary share capital of the Company. In addition, he is interested in 300,000Ordinary Shares (representing 0.96%) held in trust for himself and hisbeneficiaries. - Ends - For further information:Gaming VC Holdings S.A.Adrian Smith, Non-Executive Chairman Tel: +44 (0) 20 7398 [email protected] www.gamingvc.com Collins StewartChris Wells / Mark Connelly Tel: +44 (0) 20 7523 [email protected] http://www.cstplc.com Media enquiries:AbchurchChris Lane / Franziska Boehnke Tel: +44 (0) 20 7398 [email protected] www.abchurch-group.com Notes to editors Gaming VC is a leading operator in German speaking markets, specializing in on-line casino, poker and skill games. Gaming VC has no and has never had anyoperations in the US and therefore has never transacted any wagering activity onbehalf of players in the United States. Further information on the Company is available at www.gamingvc.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GVC.L