GVC Holdings plc (AIM:GVC), a leading online gaming company, announces that it has today issued 333,333 new fully paid ordinary shares of €0.01 each ("New Ordinary Shares") to certain Directors following the exercise of options under the Share Option Plan of the Company adopted on 2 December 2004:
Mr Kenneth Alexander, Chief Executive Officer, exercised options over 233,333 ordinary shares in the Company at 100 pence per ordinary share; and
Mr Richard Cooper, Finance Director, exercised options over 100,000 ordinary shares in the Company at 126 pence per ordinary share.
It is an obligation placed upon the executive directors that during the period of their employment they have to retain their New Ordinary Shares.
Following the issue of the New Ordinary Shares, the beneficial interests of those Directors will be as follows:
|Director||Number of New Ordinary Shares||Holding following receipt of New Ordinary Shares||Percentage holding following receipt of New Ordinary Shares|
Application has been made for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will occur and that dealings will commence at 8.00 a.m. on 1 December 2011. Immediately following admission of the New Ordinary Shares, the Company will have 31,469,095 fully paid Ordinary Shares on issue.
GVC has been informed today that Mr Lee Feldman, Non Executive Chairman, bought 20,000 fully paid ordinary shares of €0.01 each in the Company ("Shares") at 125 pence per ordinary share.
Following the purchase of the Shares, the beneficial interests of Mr Lee Feldman will be as follows:
|Director||Number of Shares purchased||Holding following purchase of Shares||Percentage holding following purchase of Shares|
For further information:
|GVC Holdings plc|
|Kenneth Alexander, Chief Executive||Tel: +44 (0) 20 7398 7702|
|Richard Cooper, Group Finance Director||www.gamingvc.com|
|Daniel Stewart & Company Plc||Tel: +44 (0) 20 7776 6550|
|Paul Shackleton / David Hart / Jamie Barklem||www.danielstewart.co.uk|
|Henry Harrison-Topham / Mark Dixon / Oliver Hibberd||Tel: +44 (0) 20 7398 7702|
About GVC Holdings PLC
GVC Holdings is a leading online gaming company. The Group is incorporated in the Isle of Man and is licensed in Malta, and the Netherlands Antilles.
In December 2004, the shares of Gaming VC Holdings S.A., GVC's predecessor company, were admitted to the AIM market of the London Stock Exchange. The GVC Group has never transacted wagering activity by players in the US. Further information on the Group is available at www.gamingvc.com.