Sportingbet Offer Approved By Stakeholders

SPORTINGBET OFFER APPROVED BY STAKEHOLDERS

22nd February, 2013 at 08:47:27
Source: http://www.azonlinecasinos.com

Share and Bond Holders give their stamp of approval

The recommended offer for Sportingbet plc by William Hill Australia Pty Limited, a wholly owned subsidiary of William Hill plc, and GVC Holdings plc moves ahead as GVC and Sportingbet stakeholders approve the transaction.

Resolutions tied to the offer were approved by the majority of stakeholders at a Sportingbet Bondholder General Meeting, Court Meeting and the Shareholder General Meeting today.

Sportingbet's Bondholder meeting yielded 657 votes in favour representing 100% of the votes cast. 86.71% majority of Scheme Shareholders voted in favour of the resolution to approve the Scheme and its Shareholder General Meeting was passed on a poll by the requisite majority.

Completion of the Offer remains subject to certain conditions but is anticipated to become effective around March 19, 2013.

In related news, GVC Holdings PLC announced all resolutions relating to the deal were passed at an Extraordinary General Meeting of the Company also held today (Friday).

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