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IGH Interactive Gam

1.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
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

Warrant exercise & Facility

03/08/2007 12:05pm

UK Regulatory


RNS Number:4955B
Interactive Gaming Holdings PLC
03 August 2007

3 August 2007

Interactive Gaming Holdings Plc
('IGH' or 'the Company')

Exercise of Warrants, Facility Agreement and Total Voting Rights

Exercise of Warrants

On 5 July 2007 Interactive Gaming Holdings Plc (AIM: IGH.L), the online sports
betting and gaming operator, announced it had received notice to exercise
10,000,000 warrants to subscribe for ordinary shares of 1p each in the Company
for 2.5p per share (the 'Shares').

The Company confirms that is has now received cleared funds in relation to these
options. Application has therefore been made to the London Stock Exchange for
the Shares to be admitted to trading on AIM, and dealings are expected to
commence on 8 August 2007 ('Admission'). The Shares shall, upon issue, rank pari
passu with the Company's existing issued ordinary shares.

Facility Agreement

The Company is pleased to announce that it has successfully arranged and met all
conditions for a #150,000 credit facility (the 'Facility') with General Capital
Venture Finance Limited ('GCVF').  IGH has drawn down the full amounts available
under the Facility. The Facility will be used to fund, amongst other things,
IGH's working capital requirements.

The Facility carries an interest rate of 1.25% per month which will accrue daily
from the date of drawdown under the Facility and is payable monthly in arrears.

The repayment of the Facility is payable in monthly instalments over 36 months.

Total Voting Rights

In conformity with the FSA's Disclosure and Transparency Rules, the Company
notifies the following:

Following Admission, the Company's issued share capital shall consist of
95,930,796 ordinary shares with a nominal value of 1p each, with voting rights
('Ordinary Shares'). The Company does not hold any Ordinary Shares in Treasury.

Therefore the total number of Ordinary Shares in the Company with voting rights
shall be 95,930,796.

The above figure of 95,930,796 Ordinary Shares may be used by shareholders in
the Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to their interest
in, the share capital of the Company under the Financial Service Authority's
Disclosure and Transparency Rules.

For further information:

Interactive Gaming Holdings Plc          Tel: +44 (0) 20 7745 6278
Thomas J. Taule, Executive Chairman      www.igh.com
tom@igh.com

Arbuthnot Securities                     Tel: +44 (0) 20 7012 2000
Nick Marsh, Corporate Finance            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

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