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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Adams Plc | LSE:ADA | London | Ordinary Share | IM00B986V543 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 5.00 | 8.00 | 6.50 | 5.425 | 6.50 | 0.00 | 08:00:25 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -2.19M | -2.37M | -0.0162 | -4.01 | 9.48M |
From Apr 2019 to Apr 2024
TIDMADA
RNS Number : 5044Q
Adams PLC
29 February 2016
Adams plc
("Adams" or the "Company")
Investment in GVC Holdings PLC ("GVC")
The Directors announce that, on 26 February 2016, Adams acquired a further holding of 63,000 ordinary shares of EUR0.01 in GVC on the Main Market of the London Stock Exchange at an average price of 475.25 pence per share for a total cash consideration of GBP299,400. Adams also has an existing holding of 23,753 shares in GVC which were issued by GVC in exchange for the Company's shareholding in bwin.party digital entertainment plc ("bwin.party") in connection with GVC's acquisition of the entire issued ordinary share capital of bwin.party on 1 February 2016. As a result, Adams now has a total holding of 86,753 shares in GVC obtained for a total investment of EUR505,400 (GBP389,030). The Company's holding in GVC represents 0.03% of the currently issued ordinary share capital of GVC of 291,819,949 shares.
GVC is a multinational online gaming and sports betting group. Following the acquisition of bwin.party on 1 February 2016, the enlarged GVC group now has over 3,200 employees or co-workers and operates some of the leading brands in the gaming sector including bwin, sporting bet, partypoker and Foxy Bingo. It holds gaming licenses in 14 countries which generate around EUR4bn of sports wagers a year.
In the 6 months ended 30 June 2015, GVC reported a profit before taxation of EUR17.1 million on revenue of EUR120.9 million (year ended 31 December 2014: profit before tax of EUR40.6 million on revenue of EUR224.8 million). Its net assets at 30 June 2015 amounted to EUR137.1 million.
In the 6 months ended 30 June 2015, bwin.party reported a profit before taxation of EUR3.1 million on revenue of EUR296.5 million (year ended 31 December 2014: loss before tax of EUR100.5 million on revenue of EUR317.1 million). Its net assets at 30 June 2015 amounted to EUR554.5 million.
Further information on GVC and bwin.party is available on the GVC website www.gvc-plc.com.
Enquiries:
Adams plc Mike Bretherton Tel: +44 1534 719 761 Nomad Cairn Financial Advisers LLP Sandy Jamieson, James Tel: +44 207 148 7900 Caithie Broker Peterhouse Corporate Finance Limited Lucy Williams, Duncan Tel: +44 207 469 0930 Vasey
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASANAELKEFF
(END) Dow Jones Newswires
February 29, 2016 10:30 ET (15:30 GMT)
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