Business
Confirmation re post-offer intention statements
Confirmation re post-offer intention statements.
About this update from Entain Plc
[{"type":"text","content":"\n \nRNS Number : 2407U GVC Holdings PLC 28 March 2019 \n\nTHE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE \"CODE\") WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.\n28 March 2019\nGVC Holdings PLC\n(\"GVC\")\n \nRule 19.6(c) confirmation in respect of post-offer intention statements made in relation to Ladbrokes Coral Group plc \n \nGVC announces that further to the completion of its recommended cash and share offer for the entire issued and to be issued ordinary share capital of Ladbrokes Coral Group plc, which was effected by way of a scheme of arrangement under Part 26 of the Companies Act 2006 on 28 March 2018, its board of directors has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that GVC has complied with its post-offer intention statements made pursuant to Rule 24.2 of the Code, as detailed in the scheme document published on 9 February 2018.\n \n- ends -\n \nLEI: 213800GNI3K45LQR8L28\n \nEnquiries:\n \n\n\n\nGVC Holdings PLC\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nKenneth Alexander, Chief Executive Officer\n\n\n\n\n\n\n\nRob Wood, Chief Financial Officer\n\n\n\n\n\n\n\nPaul Tymms, Director of Investor Relations & Corporate Communications\n\n\n([email protected])\n\n\n\n \n \nMedia enquires:\n \n\n\n\nBuchanan Communications\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDavid Rydell / Chris Lane / Jamie Hooper / Hannah Ratcliff\n\n\nTel: +44 (0)20 7466 5000\n\n\n\n \n \nAbout GVC Holdings PLC:\nGVC Holdings PLC is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Games Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a numbe...