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RNK Rank Group Plc

87.60
0.80 (0.92%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rank Group Plc LSE:RNK London Ordinary Share GB00B1L5QH97 ORD 13 8/9P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 0.92% 87.60 87.60 88.80 89.20 86.80 86.80 73,534 16:16:24
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Amusement & Rec Svcs, Nec 681.9M -95.3M -0.2034 -4.31 410.34M

Termination of talks with Gala Coral Group (3103A)

29/03/2012 7:01am

UK Regulatory


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RNS Number : 3103A

Rank Group PLC

29 March 2012

29 March 2012

The Rank Group Plc

Termination of discussions with Gala Coral Group

On 30 January 2012, The Rank Group Plc ('Rank' or 'the Group') announced that it was in discussions with Gala Coral Group ('Gala') about a potential acquisition of Gala's casino business. Rank today announces that these discussions have ended after it became clear that the proposed terms of the acquisition would not serve the best interests of Rank's shareholders. Rank's chairman and chief executive officer Ian Burke commented, "Rank remains committed to delivering sustainable growth in shareholder value; the proposed terms of the potential acquisition did not achieve this objective. We will now concentrate on delivering our organic growth plans, including the delivery of 12 more G casinos by 2015."

ends

www.rank.com

Enquiries:

The Rank Group Plc

   Philip Munn, investor relations          01628 504 149 

Evercore Partners Limited

   Edward Banks                                  020 7268 2700 

FTI Consulting

   Marc Cohen                                      020 7831 3113 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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