Gaming Realms PLC (LON:GMR)

Gaming Realms PLC (LON:GMR)


Share Price
5.95 p
Change
0.125 (2.15 %)
Market Cap
£16.92 m
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Gaming Realms PLC RNS Release

Publication of Circular


RNS Number : 9806S
Gaming Realms PLC
29 June 2018
 

29 June 2018

 

 

Gaming Realms plc

 

("Gaming Realms" or the "Company" or, together with its subsidiaries, the "Group")

 

Publication of Circular

 

 

On 27 June 2018, Gaming Realms plc (GMR.L), the developer, publisher and licensor of mobile real money and social games, announced that it had entered into an agreement, conditional upon shareholder approval, to sell a 70% stake in most of its UK online casino B2C business to River UK Casino Limited ("River UK Casino", a subsidiary of River iGaming plc, a company listed on the Merkur Market of the Oslo Bors ("River iGaming")) for a total cash consideration of up to £23.1 million (the "Transaction").

 

The Company today announces the publication of a circular (the "Circular") containing a notice of general meeting of the Company's shareholders to be convened at 11 a.m. on Wednesday, 18 July 2018 at the offices of Memery Crystal LLP, 165 Fleet Street, London, EC4A 2DY (the "General Meeting"). At the General Meeting, the Company's shareholders will be asked to approve an ordinary resolution to authorise the Transaction. The procedures and timings for shareholders to vote on the resolution are set out in the notice of the General Meeting in the Circular.

 

The Circular and a Form of Proxy in relation to the General Meeting are being posted today, and the Circular will shortly be available for viewing, subject to regulatory requirements, on the Company's website at www.gamingrealms.com/investors/. A copy of the Circular will also be submitted to the National Storage Mechanism and will shortly be available at www.morningstar.co.uk/uk/NSM.

 

For further information, please contact:

 

Enquiries:

 

Gaming Realms plc

0845 123 3773

Patrick Southon, CEO

Mark Segal, CFO

 

Akur Limited (Financial Adviser)

020 7493 3631

David Shapton

Siobhan Sergeant

Matthew Smith

Alexander Bergqvist

 

 

Peel Hunt LLP (Nominated Adviser and Broker)

 

020 7418 8900

Dan Webster

George Sellar

Nicole McDougall

 

 

 

Yellow Jersey (PR Adviser)

 

07747 788 221

Charles Goodwin

Georgia Colkin                                   

Abena Affum

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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