Annual Report & Accounts 2016 - Notes to the Company Statements
9. CALLED UP EQUITY SHARE CAPITAL
On 21 May 2010, shareholders of Gaming VC Holdings S.A., approved a redomiciliation to Luxembourg which resulted, pari passu, in shareholders holding
shares with a nominal value of €0.01 in GVC Holdings PLC. As a result of this transaction, GVC Holdings PLC acquired all the assets and liabilities of
Gaming VC Holdings S.A. Arising from this transaction was the creation of a Merger Reserve, which is distributable.
The authorised and issued share capital is:
Ordinary shares of €0.01 each
At 31 December - 350,000,000 shares (2015: 350,000,000 shares) 3.5 3.5
ISSUED, CALLED UP AND FULLY PAID
At 31 December - 293,268,229 shares (2015: 61,276,480 shares) 2.9 0.6
1. The authorised share capital was increase as part of the Group's acquisition of Sportingbet PLC.
The issued share capital history is shown below:
Balance at 1 January 61,276,480 61,276,480
Issue of shares at acquisition 194,841,498 -
Issue of shares via placing 27,978,812 -
Issue of shares via subscription 7,566,212 -
Other share issues 1,605,227 -
Balance at 31 December 293,268,229 61,276,480
10. SHARE OPTION SCHEMES
At 31 December 2016, the Group had the following share options schemes for which options remained outstanding at the year-end:
i. Options were granted to Directors and employees under the existing and already approved LTIP on 2 June 2014. Under this scheme, 2,450,000 options
held by Directors were cancelled under the arrangements for the acquisition of bwin.party during the period and as at 31 December 2016, 75,000
employee share options remained outstanding.
ii. Options were granted to Directors under the terms of the 2015 LTIP, as set out in the 13 November 2015 prospectus on pages 325 to 329.
iii. Options were granted under a Management Incentive Plan under the same terms of the 2015 LTIP.
Under the terms of the share option plan, the Group can allocate up to 10% of the issued share capital although it must take allowance of the shares issued
or issuable, post the acquisition of bwin.party, as a consequence of rights to subscribe for shares under the 2015 LTIP or any other employees' share scheme.
The following options to purchase €0.01 ordinary shares in the Company were granted, exercised, forfeited or existing at the year-end:
Date of Grant
in the year
in the year
in the year
28 February 2013 233.5p 156,947 - - (156,947) - - Note a
2 June 2014 1p 3,325,000 - (2,450,000) (800,000) 75,000 75,000 Note b
2 February 2016 422p - 13,197,111 (2,932,691) - 10,264,420 - Note c
2 February 2016 467p - 4,399,037 (977,564) - 3,421,473 - Note d
2 February 2016 422p - 200,000 - - 200,000 - Note e
16 December 2016 422p - 8,825,000 - (166,666) 8,658,334 1,794,445 Note f
TOTAL ALL SCHEMES 3,481,947 26,621,148 (6,360,255) (1,123,613) 22,619,227 1,869,445