News Archive

03 October 2012

Form 8 (OPD) GVC Holdings Plc

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER
Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

(a) Identity of the person whose positions/dealings are being disclosed: WILLIAM HILL PLC
GVC HOLDINGS PLC
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient
 
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
GVC HOLDINGS PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: OFFEROR
(e) Date position held/dealing undertaken: 2 OCTOBER 2012
(f) Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer? YES
SPORTINGBET PLC

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

Class of relevant security: ORDINARY SHARES in GVC HOLDINGS PLC
  Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: N/A N/A N/A N/A
(2) Derivatives (other than options): N/A N/A N/A N/A
(3) Options and agreements to purchase/sell: N/A N/A N/A N/A
TOTAL: N/A N/A N/A N/A

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

(b) Rights to subscribe for new securities

Class of relevant security in relation to which subscription right exists: N/A
Details, including nature of the rights concerned and relevant percentages: N/A

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(c) Irrevocable commitments and letters of intent

Details of any irrevocable commitments or letters of intent procured by the party to the offer making the disclosure or any person acting in concert with it (see Note 3 on Rule 2.11 of the Code):
N/A

3. POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

Details of any interests, short positions and rights to subscribe of any person acting in concert with the party to the offer making the disclosure:
Concert Party Interests
Nature of Interest Number %
(a) Persons acting in concert with William Hill PLC
N/A N/A N/A N/A

(b) Persons acting in concert with GVC Holdings PLC
Kenny Alexander Relevant securities owned or controlled 313,333* 0.99
Lee Feldman Relevant securities owned or controlled 73,700 0.23
Richard Cooper Relevant securities owned or controlled 135,000** 0.43
Audley Capital Management Limited Relevant securities owned or controlled 6,755,030 21.38
* The 313,333 shares in which Kenny Alexander is interested are held by his wife, Caroline Alexander.

** The 135,000 shares in which Richard Cooper is interested are held by his wife, Pascale Mourier Cooper.

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3 for each additional class of relevant security.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
If there are no such agreements, arrangements or understandings, state "none"
None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"
None

(c) Attachments

Supplemental Form 8 (Open Positions) NO
Supplemental Form 8 (SBL) NO

Date of disclosure: 3 October 2012
Contact name: William Hill plc
Lyndsay Wright, Director of IR
Telephone number: +44 (0) 20 8918 3614
Contact name: GVC Holdings plc
Kenneth Alexander, Chief Executive Officer
Richard Cooper, Group Finance Director
Telephone number: +44 (0) 20 7398 7729

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

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