2nd Nov 2011 07:00
William Hill PLC
2 November 2011
NO INTENTION TO MAKE AN OFFER FOR PROBABILITY PLC ("PROBABILITY")
Further to its announcement on 20 September 2011 regarding preliminary discussions with Probability, William Hill plc ("the Company") today announces that it does not intend to make an offer for Probability.
For the purposes of Rule 2.8 of the City Code on Takeovers and Mergers (the "Takeover Code"), the Company reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for Probability (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Takeover Code) within the next six months following the date of this announcement:
(i) with the agreement or recommendation of the Board of Probability;
(ii) following the announcement by or on behalf of a third party of a firm intention to make an offer for Probability or Probability announces that it has received an approach in relation to a possible offer from a third party;
(iii) in the event that Probability announces a "whitewash" proposal or a reverse takeover (as defined in the Code); or
(iv) if there is a material change of circumstances.
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.
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