7th Jun 2006 15:51
PartyGaming Plc07 June 2006 7 June 2006 PartyGaming Plc (The "Company") Notification of Major Interests in Shares Following the placing of 200,000,000 ordinary shares of 0.0015 pence each in theCompany ("Shares") by Dresdner Kleinwort Wasserstein Securities Limited ("DrKW"), the Company was informed on 7 June 2006 that the following foundershareholders with notifiable interests each sold a beneficial interest in thenumber of Shares indicated below at a price of 116 pence per Share on 7 June2006. Founder Number of Percentage of Resultant Percentage ofShareholder Shares Sold Total Issued Number of Total Issued Share Capital Shares Held Share Capital Sold HeldCrystal VenturesLimited (1) 56,666,667 1.42% 1,158,085,333 28.95% Cheam DirectorsLimited (2) 33,333,333 0.83% 594,986,667 14.87% Cheam DirectorsLimited (3) 33,333,333 0.83% 594,986,667 14.87% Coral VenturesLimited (4) 66,666,667 1.67% 278,293,333 6.96% (1) A company owned indirectly by Anurag Dikshit, founder and former GroupOperations Director; now the Company's Head of Research and Special Projects (2) Cheam Directors Limited holds Shares on bare trust for Stinson RidgeLimited, a company wholly owned by Russell DeLeon, founder. (3) Cheam Directors Limited holds Shares on bare trust for Emerald Bay Limited,a company wholly owned by Ruth Parasol, founder. (4) A company owned indirectly by Vikrant Bhargava, founder and the Company'sGroup Marketing Director. Following the placing, these founder shareholders continue to hold, inaggregate, approximately 65.7% of the Company's issued share capital. Inaddition, the Company has been informed that they have agreed to extend theirexisting lock-up which expires on 30 June 2006; they have undertaken not todispose of any further shares prior to the date of publication of the Company'sinterim results (expected on 5 September 2006) and not to dispose of any furthershares, without the prior consent of DrKW, from the publication of the Company'sinterim results until 31 December 2006, other than, inter alia, in accepting atakeover bid for the Company or to connected persons who are themselveslocked-up. The Company's free float has consequently increased from 23.1% to 28.1% of theCompany's issued share capital. The Group's second quarter key performance indicators will be announced on 21July 2006. Contacts:PartyGaming Plc +44 (0)20 7337 0100Peter Reynolds, Director of Investor RelationsJohn Shepherd, Director of Corporate Communications Financial Dynamics +44 (0)20 7831 3113Edward Bridges / Juliet Clarke This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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