REG-Majedie Asset Management Ltd : Amendment to Irrevocable Undertaking <Origin Href="QuoteRef">GVC.L</Origin> <Origin Href="QuoteRef">LCL.L</Origin>

EntainAnnouncement

30/01/2018 13:20

  
On 29 January 2018,MajedieAsset Management Limited ("Majedie") sold 4,437 shares in Ladbrokes Coral Group plc ("Ladbrokes Coral") on behalf of one or more discretionary investment management clients. The sale was a consequence of outflows from discretionary investment management portfolios.
 
On 26 January 2018, Majedie transferred out in specie 65,898 shares in Ladbrokes Coral on behalf of one or more discretionary investment management clients. The transfer was a consequence of one or more client instructions.
 
Both the sale and the in specie transfer were in accordance with the relevant provision ofMajedie's irrevocable undertaking dated 21 December, 2017 to vote in favour of GVC Holdings plc's offer for Ladbrokes Coral. Following the transactions Majedieholds 33,842,819 Ladbrokes Coral shares. Of this holdingMajedieis entitled to instruct voting rights over, and its irrevocable undertaking to vote in favour of the offer is now in respect of, 32,125,363 shares.
 
The shares which are the subject of this announcement are also the subject of a contemporaneous announcement under Rule 8.3.
  


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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Majedie Asset Management Ltd via Globenewswire