11th Jul 2005 08:48
William Hill PLC11 July 2005 11 July 2005 For immediate release William Hill PLC ("William Hill") --------------------------------- Sale of 28 licences betting offices to the Tote----------------------------------------------- William Hill today announces that it has reached agreement to sell twenty-eightlicensed betting offices ("LBOs") to the Tote for a consideration of £ 15million. The LBOs being sold were acquired as part of the acquisition of Stanley Leisureplc's retail bookmaking operations in Great Britain, Northern Ireland, theRepublic of Ireland, Jersey and the Isle of Man (the "Acquisition"), whichcompleted on 18 June 2005. The disposal is being made with a view to reduce theeffect of the Acquisition on conditions of local competition. Completion of thedisposal is expected to take place within the next three weeks. The OFT which is investigating the competition issues arising from theAcquisition is expected to report its findings before the end of July. Enquiries Tom Singer Chief Operating Officer 020 8918 3910 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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