Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Share Placing

12th Jun 2015 07:02

RNS Number : 0056Q
bwin.party digital entertainment
12 June 2015
 



 

12 June 2015

 

bwin.party digital entertainment plc

('bwin.party' or the 'Company')

 

Share placing

The Board of bwin.party has become aware that the independent trustees of both Emerald Bay Limited ('Emerald') and Stinson Ridge Limited ('Stinson'), two of the Group's shareholders (together 'the Trustees'), have chosen to place up to 50 million shares in bwin.party.

Whilst the Board was not party to the placing arrangements, they are consistent with the Trustees' obligations to sell down their holdings before the end of October 2015 under the terms of the divestiture arrangements that were entered into by both Emerald and Stinson and which were disclosed in a press announcement issued by the Company on 31 October 2013.

Philip Yea, Chairman of bwin.party said:

"We welcome today's news regarding the placing by the Trustees as it provides clarity for the market regarding a significant block of shares that were due to be sold during 2015. The sale has no bearing on the Board's discussions regarding proposals received from third parties that are continuing and whilst there can be no guarantee that these discussions will result in any transaction taking place, the Board will make further announcements in due course."

Contacts:

InvestorsPeter Reynolds +44 (0) 20 7337 0177

MediaJay Dossetter +44 (0) 20 7337 0134

 

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

Related Shares:

BPTY.L
FTSE 100 Latest
Value8,684.56
Change50.81