REG - GVC Holdings PLC - Replacement AGM Trading Update <Origin Href="QuoteRef">GVC.L</Origin>

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15/07/2015 16:20

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RNS Number : 3716M
GVC Holdings PLC
06 May 2015 
 
The following amendment has been made to the 'AGM Trading Update' announcement
released on 5 May 2015 at 7:01am under RNS No: 0690M. 
 
Amendment to the GBP pence per share figure: "Subject to the passing of
resolution 3 at today's AGM, shareholders on the register on 10 April 2015,
will be paid a dividend of 15.5Ecents (11.3925 pence) per share tomorrow,
Wednesday 6 May 2015." 
 
Addition of footnote clarifying the exchange rate used ("£1: E1.3605442") 
 
All other details remain unchanged. 
 
The full amended text is shown below. 
 
GVC Holdings PLC 
 
("GVC" or the "Group" or the "Company") 
 
AGM Trading Update 
 
GVC Holdings PLC (AIM:GVC), a leading e-gaming operator in both b2c and b2b
markets, is pleased to announce the following trading update ahead of its
Annual General Meeting which is being held today at 11.00 hours in the Isle of
Man. 
 
Subject to the passing of resolution 3 at today's AGM, shareholders on the
register on 10 April 2015, will be paid a dividend of 15.5Ecents (11.3925
pence) 1  per share tomorrow, Wednesday 6 May 2015. 
 
Net Gaming Revenue, ("NGR") for the first 120 days to 30 April 2015 averaged
E658k per day, up 17.5% on the same period in 2014, on a sports margin of
8.75% against a 2014 comparison of 9.62%. Sports wagers continue to grow
strongly and in the first 120 days to 30 April 2015, rose 21.4% to E4,590k per
day over E3,782k per day in the comparable period in 2014. 
 
The table below shows the average per day Since 1 January 2014: 
 
 Average per day in E000's  120 days to 30.04.15  120 days to 30.04.14  % change  
                                                                                  
 Sports NGR                 311                   270                   15.2%     
 Gaming NGR                 347                   290                   19.7%     
 Total NGR                  658                   560                   17.5%     
                                                                                  
 Sports wagers              4,590                 3,782                 21.4%     
 Sports margin              8.75%                 9.62%                           
 
 
Kenneth Alexander, Chief Executive of GVC Holdings plc, said: 
 
The board is delighted by the strong start to 2015 despite a lower sports
margin % as a result of punter friendly results so far this year as has been
commented upon already by a number of our peers. The business continues to
show impressive growth and we continue to remain confident for the rest of the
year. 
 
- Ends - 
 
For further information: 
 
 GVC Holdings PLC                                                   
 Kenneth Alexander, Chief Executive      Tel: +44 (0) 1624 652 559  
 Richard Cooper, Group Finance Director  www.gvc-plc.com            
 
 
 Cenkos Securities plc (Nomad & Broker)        Tel: +44 (0) 20 7397 8900  
 Mark Connelly, Stephen Keys, Callum Davidson                             
 
 
Media enquiries: 
 
 Bell Pottinger              Tel: +44 (0) 20 3772 2500  
 David Rydell, James Newman                             
                                                        
 
 
About GVC Holdings PLC 
 
GVC Holdings PLC is a leading e-gaming operator in both b2c and b2b markets. 
Its core brands are CasinoClub, Betboo and Sportingbet.  The Group has over
700 employees/consultants and is headquartered in the Isle of Man and has
licenses in Malta, Germany, Denmark, UK, South Africa, Alderney and the Dutch
Caribbean. 
 
Further information on the Group is available at www.gvc-plc.com 
 
 1  Exchange rate:  £1: E1.3605442 
 
This information is provided by RNS
The company news service from the London Stock Exchange