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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 |
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RNS Number:3623C
Interactive Gaming Holdings PLC
17 August 2007
17 August 2007
Interactive Gaming Holdings Plc ("IGH" or "the Group")
Update on Financial Position
It has become evident to the Company that the #400,000 of interim funding
("Interim Funding") to be provided by General Capital Venture Finance Limited
("GCVF") that was announced on 15 August 2007 will not be received as originally
expected. The Interim Funding is required by the Company to meet its near term
working capital requirements and without it the Company's financial position has
become uncertain. As a result of this, the Company this morning sought to have
the ordinary shares in the Company suspended from trading on AIM pending clarity
of its financial position.
The Company are making every effort to resolve this issue and are in continued
discussions with GCVF and another potential funder. The Company will make
further announcements as and when appropriate.
For further information:
Interactive Gaming Holdings Plc Tel: +44 (0) 20 7745 6278
Thomas J. Taule, Executive Chairman
tom@igh.com
Arbuthnot Securities Tel: +44 (0) 20 7012 2000
Nick Marsh
Paul Vanstone
www.arbuthnotsecurities.co.uk
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,
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
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