GVC HOLDINGS PLC
The Directors present their report for GVC Holdings PLC and the audited financial statements for the
year ended 31 December 2012.
GVC Holdings PLC was incorporated on 5 January 2010 in The Isle of Man. On 21 May 2010, it took
over the assets of Gaming VC Holdings S.A. after approval by the shareholders, and is now the holding
company of the Group.
Results and Dividends
The profit for the year attributable to ordinary shareholders after taxation amounted to €9,236,000 (2011:
loss of €145,000).
The Company is incorporated under the 2006 Isle of Man Companies Act. This act does not require
the Company to have distributable reserves for the purpose of declaring a dividend. The Act requires
the Directors to consider the solvency of the Company before making a dividend. A corollary of this is
that the matter of dividends is not required to be put before General Meeting.
The Group's consolidated financial statements are set out on pages 21 to 55. For a more detailed review
of the Group's result see the Report of the Chief Executive and the Report of the Group Finance
Trading Review and Future Developments
The Directors are satisfied with the Group's performance during 2012 and are confident that
performance will continue to improve during 2013 and beyond.
For a detailed review of the trading performance and future developments of the Group see the
Chairman's Statement, Report of the Chief Executive and the Report of the Group Finance Director,
which form part of their reports.
Key Performance Indicators
For a more detailed review of the key performance indicators of the Group see the Report of the Chief
Directors and their Interests
The Directors of the Company and their beneficial interest in the ordinary share capital of the Group
are as follows:
Ordinary shares of €0.01 each in
GVC Holdings PLC 25 March 2013 31 December 2012 31 December 2011
K Alexander 313,333 313,333 313,333
R Cooper 135,000 135,000 135,000
L Feldman 73,700 73,700 73,700
N Blythe-Tinker - - -
K Diacono - - -
The Directors shareholdings represent 0.86% (2011: 1.66%) of the voting shares of the Company, the
Company having issued a further 29,018,075 shares in pursuit of the Sportingbet acquisition.
Details of the Directors who have an interest in share options are disclosed in the Report of the
Creditor Payment Policy
It is the Group's policy to agree terms of business with suppliers prior to the supply of goods and