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PartyGaming Plc Shares Trust Purchase

4th Mar 2011 16:07

RNS Number : 3918C
PartyGaming Plc
04 March 2011
 



 

4 March 2011

 

PartyGaming Plc

("PartyGaming" or the "Company")

 

PartyGaming Plc Shares Trust - Purchase of 1.1 million PartyGaming Shares

 

PartyGaming announces that the PartyGaming Plc Shares Trust (the "Trust") has today purchased 1,100,000 PartyGaming ordinary shares of 0.015 pence each (the "Shares") at an average price of 192.93 pence per share. Funds to carry out this purchase were gifted to the Trust by the Company and these Shares will be used to satisfy share awards made in accordance with the Company's remuneration policy.

 

As a result of this purchase, the Trust holds 5,094,588 Shares, representing 1.23% of the Company's issued share capital. The Trust has waived its voting rights in respect of the Shares it holds. Therefore, excluding these Shares from the 413,065,372 Shares in issue, there are 407,970,784 voting rights for the purposes of determining if shareholders are required to notify their interest in, or a change to their interest in, PartyGaming under the FSA's Disclosure and Transparency Rules.

 

Contacts:

 

Peter Reynolds, Director of Corporate Affairs +44 20 7337 0100

John Shepherd, Director of Corporate Communications

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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