REG - Winvia Entertainment - Acquisition of Rev Comps

Winvia EntertainmentAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260518:nRSR6900Ea&default-theme=true

RNS Number : 6900E  Winvia Entertainment PLC  18 May 2026

 

18 May 2026

 

Winvia Entertainment PLC

("Winvia Entertainment", the "Group" or the "Company")

 

Acquisition of Rev Comps

 

Winvia Entertainment (AIM: WVIA), a technology-led entertainment business
focused on Prize Draw Competitions and Online Gaming, is pleased to announce
that it has entered into an asset purchase agreement (the "APA") with Robert
Savage, Peter Savage and Amy Savage (the "Sellers") to acquire the trade,
business and key assets (excluding any liabilities, cash and trade
receivables) of Rev Corp Limited ("Rev Comps") (the "Acquisition"). The
Acquisition is conditional upon the migration of Rev Comps onto Winvia's core
technology platform and certain customary conditions to be satisfied prior to
completion which is expected to occur by 1 July 2026 ("Completion").

 

Rev Comps is a UK based, family-run, digitally-led prize draw platform
offering daily and scheduled draws to a loyal and growing customer base. The
business has developed a strong brand presence within the UK prize draw market
and has demonstrated consistent engagement across its player community.

 

For the financial year ended 31 May 2025, Rev Comps generated revenues in
excess of £80 million and Profit before tax of approximately £2.1 million.
Rev Comps had gross assets as at 31 May 2025 of £6.5 million (this figure
includes certain assets not being acquired as part of the Acquisition).

 

Under the APA, the Company will pay £11.8 million in cash (the
"Consideration") in three instalments; (1) at Completion (45%), (2) subject to
final determination of Rev Comp's audited accounts for the year end 31 May
2026 (34%), and (3) a deferred portion payable on the 2(nd) anniversary of
Completion (21%).    In addition, the Sellers may also be entitled to
earnout payments based on achieved adjusted profit before tax growth of the
business across the two financial years ending 31 December 2027 and 31
December 2028, compared to adjusted profit before tax in Rev Comp's audited
accounts for the year end 31 May 2026 (the "Earnout").  The Earnout
calculation is 1.5x adjusted profit before tax growth above Rev Comps' FY26
adjusted profit before tax.

 

The Acquisition will be funded from the Group's existing cash resources and is
expected to be earnings enhancing in the first full financial year following
completion.

 

Following Completion, key management of Rev Comps will remain employees within
the business.

 

Background to and rationale for the Acquisition

 

The Acquisition is aligned with Winvia's stated strategy to build a leading
position in the UK prize draw market through disciplined acquisitions and
organic growth. Specifically, the Acquisition expands the Group's scale and
customer base within the UK prize draw market and adds a highly complementary
brand with established player engagement and marketing channels.

 

Prior to Completion, Rev Comps will be migrated onto Winvia's core technology
platform, which has been developed to support scalable, multi-brand prize draw
operations.  Integration into the Winvia technology platform will enable
enhanced data-led marketing and customer engagement, improve player
acquisition, retention and conversion. Operational efficiencies are expected
through shared infrastructure and automation and support the rapid deployment
of new product features and subscription-led offerings.

 

Mihai Manoila, Chief Executive Officer, commented:

"The acquisition of Rev Comps represents another important step in delivering
our strategy. Rev Comps is a high‑quality business with a strong customer
base and brand presence, and we believe that integrating the platform onto
Winvia's proprietary technology will significantly enhance performance.

 

The acquisition further strengthens Winvia's position as a consolidator in the
UK prize draw market and supports the Group's ambition to deliver sustainable,
cash‑generative growth for shareholders.

 

The Group continues to engage with a number of exciting potential acquisition
targets in the UK Prize Draw sector."

 

 

Contacts:

 

 Winvia Entertainment
 Mihai Manoila, Chief Executive Officer               c/o Alma
 Simon Hay, Chief Financial Officer
 Shore Capital (Nominated Adviser & Broker)           +44 (0) 20 7408 4090

 Patrick Castle / Tom Knibbs / Sophie Collins

 Alma Strategic Communications                        +44 (0) 20 3405 0205
 Rebecca Sanders-Hewett / Sam Modlin / Rose Docherty  winvia@almastrategic.com

 

 

About Winvia Entertainment

 

Winvia Entertainment plc (AIM: WVIA) is a technology-led entertainment
business, focused on two discrete fast-growing channels, being the large and
highly fragmented Prize Draw Competitions market in the UK, and Online Gaming
in the regulated Romanian market. Underpinning both channels is the
proprietary technology platform, which has a track-record of supporting growth
and operational improvement.

Winvia Entertainment is the second largest (by market share) prize draw
operator in the UK (London Economics report for the Department for Media,
Culture and Sport, June 2025) where players play for a range of prizes
including cars, luxury watches, holidays, gadgets, properties and other items.
The Group currently owns two prize draw brands, Best of the Best and Click
Competitions.

The Group's Online Gaming business is well established, growing, profitable
and highly cash generative. The Group operates a multi-brand strategy
including own brands, such as Princess Casino, Royal Slots and Luck, a number
of white label brands, and several B2B partnerships.

The Group's newly built innovative proprietary technology platform is a key
strength of the business. It has been built in-house, with significant
investment and its application to date has significantly improved key
performance metrics.

The Group's near-term growth plans are primarily focused on the highly
fragmented, fast-growing Prize Draw Competitions market in which there are
strong organic growth opportunities in addition to a strong pipeline potential
acquisitions that can leverage the technology platform.

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQFFFEIEFIDLIR



            Copyright 2019 Regulatory News Service, all rights reserved