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Sale of Republic of Ireland estate

3rd Nov 2011 14:51

RNS Number : 4658R
William Hill PLC
03 November 2011
 



William Hill PLC

 

Sale of Republic of Ireland estate

 

 

3 November 2011

 

 

William Hill PLC (LSE: WMH) (William Hill or the Company) announces that it has agreed the sale of its remaining 15 shops in the Republic of Ireland to the Irish bookmaker Boylesports for a cash consideration of €1.5m. Completion of the sale is expected in December. The Company is now entering a consultation period with the 65 employees affected by the sale. William Hill anticipates incurring approximately £2m of exceptional costs in respect of the disposal in the 2011 financial year, net of cash consideration. William Hill will continue to operate in Ireland through its very successful William Hill Online Irish website, www.williamhill.ie, which was launched in May 2011.

 

 

--ends-

 

 

Enquiries:

 

William Hill PLC

Ralph Topping, Chief Executive

Neil Cooper, Group Finance Director

Lyndsay Wright, Director of IR

Tel: +44 (0) 20 8918 3987

 

Brunswick Group

Simon Sporborg / Oliver Hughes

Tel: +44 (0) 20 7404 5959

 

 

About William Hill:

 

William Hill is a leading betting and gaming company. It is one of the UK's largest bookmakers with over 2,350 LBOs in the UK that provide betting opportunities on a wide range of sporting and non-sporting events, and gaming machines. The Group's online business, William Hill Online, is one of the leading European online betting and gaming businesses by profitability, providing sports betting, casino games, poker, bingo, numbers betting and skill games.

 

 

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