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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Interactive Gam | LSE:IGH | London | Ordinary Share | GB0034347921 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6943Z Interactive Gaming Holdings PLC 05 July 2007 Press Release 5 July 2007 Interactive Gaming Holdings Plc ("IGH" or the "Company") Exercise of Warrants Interactive Gaming Holdings PLC, the online sports betting and gaming operator, has today received notice to exercise, from General Capital Venture Finance Limited ("GCVF"), in relation to 10,000,000 warrants ("Warrants") to subscribe for ordinary shares of 1p each in the Company ("Shares") (representing 10.4% of the enlarged ordinary share capital) for 2.5p per Share. Upon satisfaction of the terms of the warrant exercise an application will be made for the new 10,000,000 Shares to be admitted to trading on AIM, which will be notified in due course. As detailed in the announcement dated 24 May 2007 GCVF was granted 12,000,000 Warrants to subscribe for Shares at 2.5p each as part of a #600,000 credit facility agreement with GCVF (the "Agreement"). Following the exercise referred to above GCVF will retain a balance of 2,000,000 Warrants exercisable at any time until 10th April 2012. GCVF also intends to request the appointment of a GCVF non-executive director representative to the Board of IGH as entitled to under the Agreement. Jonathan Hill, executive Deputy Chairman of General Capital, commented: "Over recent weeks we have worked very closely with IGH in evaluating their strategic options for the future of the Company. We are very pleased to have become shareholders in IGH and look forward to be working with them in the future." Thomas Taule, Executive Chairman of IGH, said: "We are delighted with General Capital's support and their decision to exercise their warrants. We believe this demonstrates their confidence in our potential and intended strategy going forward." For further information: Interactive Gaming Holdings Plc Tom Taule, Executive Chairman Tel: +44 (0) 20 7745 6273 Tom@igh.com www.igh.com Abchurch Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7700 franziska.boehnke@abchurch-group.com www.abchurch-group.com Arbuthnot Securities Nick Marsh / Paul Vanstone Tel: +44 (0) 20 7012 2000 About IGH Interactive Gaming Holdings plc is a leading online sports betting and casino operator listed on the AIM market of the London Stock Exchange. IGH provides its customers with a complete gaming experience offering seamless integration between traditional sports betting and its casino products. The Group's strategy is to enhance organic growth by focusing on selective value-enhancing acquisitions within the online sports betting and gaming sectors. In addition to IGH's existing customer base, the Company is actively pursuing, under revenue share agreements, white-label opportunities with significant brand names. To date, IGH has made two acquisitions, namely Heathorns, the world's oldest established bookmakers in March 2005, and Premier Bet, a fixed odds bookmaker based in London, in August 2005. The Company, in accordance with US legislation, does not have any operations in the US. Further information on Interactive Gaming Holdings can be found at www.igh.com This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUPUMUPMGRC
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