Update for the recommended offer for bwin.party by GVC Holdings PLC
Scheme sanctioned / Suspension of trading of bwin.party Shares
The bwin.party Board announced that the Court has sanctioned the scheme of arrangement by which the recommended offer for bwin.party by GVC is being implemented (the ‘Scheme’).
bwin.party also announces that, as of 5.00 p.m. on 28 January 2016, the listing of the bwin.party Shares on the Official List of the UK Listing Authority and trading in bwin.party Shares on the London Stock Exchange’s main market for listed securities were suspended. Accordingly, bwin.party Depositary Interests in CREST were also disabled at that time. The suspension has been made in accordance with bwin.party’s application to the UK Listing Authority, announced by bwin.party on 14 January 2016, and is effected in connection with the Scheme.
The cancellation of the listing and trading of the bwin.party Shares is expected to take place at 8.00 a.m. on 2 February 2016.
Admission of the issued and to be issued GVC shares to the Official List (Standard Segment) and to trading on the Main Market of the London Stock Exchange is expected to take place at or around 8.00 a.m. on 2 February 2016.
Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meanings as given to them in the scheme document dated 13 November 2015 sent or made available to bwin.party Shareholders.
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