REG - GVC Holdings PLC - Update re Offer discussions <Origin Href="QuoteRef">GVC.L</Origin>

EntainAnnouncement

25/07/2015 09:41

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RNS Number : 5750T
GVC Holdings PLC
21 July 2015 
 
GVC Holdings PLC 
 
("GVC" or the "Group" or the "Company") 
 
Update re Offer discussions 
 
The directors of GVC note the recent press speculation concerning the
Company's proposal to acquire bwin.party digital entertainment plc
("bwin.party") at 110p per bwin.party share comprised of a combination of new
GVC shares and cash  (as announced on 9th July 2015) and following the
announcement issued on Friday 17th July 2015 by 888 Holdings plc ("888")
concerning 888's recommended offer for bwin.party at 104.09 per bwin.party
share (based on the 888 closing price on 16th July 2015 of 160 pence per 888
share). 
 
There can be no certainty that an offer for bwin.party will be made by the
Company. However, the GVC Board confirms that it is considering the Company's
options regarding bwin.party and will update shareholders accordingly. 
 
- Ends - 
 
For further information: 
 
 Cenkos Securities plc (Nomad & Broker)        Tel: +44 (0) 20 7397 8900  
 Mark Connelly, Stephen Keys, Camilla Hume                                
 Houlihan Lokey (Financial Adviser)David Sola  Tel: +44 (0) 20 7839 3355  
                                                                          
 
 
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, Denmark, UK, South Africa, Italy, Alderney and the Dutch
Caribbean. 
 
Further information on the Group is available at www.gvc-plc.com 
 
This information is provided by RNS
The company news service from the London Stock Exchange