9th Dec 2005 13:03
World Gaming PLC09 December 2005 FOR IMMEDIATE RELEASE 9 DECEMBER 2005 WORLD GAMING PLC (AIM) ("World Gaming" or "the Company") RESULT OF AGM Following the Company's Annual General Meeting ("AGM"), held in London today,the Board of World Gaming announces that all resolutions put to the meeting wereduly passed. The Company has placed 5,600,000 million shares conditional on admission to trading on AIM, which is expected to be on Monday 12 December 2005. This placingconsists of 4,800,000 new ordinary shares raising £6 million for the Company before expenses for the Company and 800,000 new ordinary shares on behalf of certain selling directors. The Company is also in the process of signing a term loan of $40 million and a revolving credit facility of $5 million which is the final condition for completion of the acquisition of the SPORTSBETTING.COM Groupwhich was announced on 25 October 2005. --ENDS-- Enquiries: World Gaming plc Tel. +1 888 883 0833Daniel Moran, Chief Executive Daniel Stewart Securities Tel. 020 7776 6550Ruari McGirr Bishopsgate Communications Limited Tel: 020 7430 1600Maxine BarnesDominic Barretto The Ordinary Shares have not been and will not be registered under the U.S.Securities Act of 1933 (the "Securities Act") and may not be offered or sold inthe United States or to a U.S. person (as such term is defined in Regulations Sunder the Securities Act) absent registration or an applicable exemption fromregistration under the Securities Act. Notes to Editors World Gaming is an internet Gaming Software provider offering a comprehensivesuite of products and services for internet gaming Operators and white-labelpartners. World Gaming offers a wide range of integrated online gaming solutionsincluding sportsbook, racing, casino and poker, supported by comprehensivee-commerce, customer service and back-office management systems. Through its wholly-owned subsidiaries, the Group licenses the Gaming Softwareand provides a complete package of related services for which it charges aroyalty and other fees to Operators. Prior to October 2004, the Gaming Software was owned and developed solely by theGroup through its wholly-owned subsidiaries. A joint venture agreement withSportingbet Plc was entered into in October 2004, pursuant to which the GamingSoftware was transferred to an equally owned exempt liability partnership withSportingbet Plc. World Gaming's Ordinary Shares are traded on the London Stock Exchange,Alternative Investment Market ("AIM") under the symbol WGP and the Over TheCounter Bulletin Board market in the U.S. under symbol WGMGY. Further information on the Company can be found atwww.worldgaming.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Worldlink Grp