(Alliance News) - Online bingo-led operator Gamesys Group PLC began trading on the London Stock Exchange after the merger of JPJ Group PLC and Gamesys.
The company said 108.1 million shares have been admitted to trading. Gamesys said the shares comprise of 33.7 million new issues and the readmission of 74.5 existing shares.
Gamesys was formed after JPJ Group bought Gamesys Holdings Ltd for GBP490 million, excluding its sports brands and games. JPJ itself was formerly known as Jackpotjoy.
With the effect on Friday, the enlarged company was renamed Gamesys Group and Gamesys Chief Executive Lee Fenton became CEO of the new firm, while Gamesys Chief Operating Officer Robeson Reeves assumed the role of COO.
Executive Chair Neil Goulden said on Thursday: "The completion of the acquisition of Gamesys marks an important milestone for the company, creating a leading UK and international operator and offering customers an even greater choice of major brands and different games."
Shares in the company were untraded in London on Friday. JPJ closed up 0.7% on Thursday at 729.80 pence.
By Eric Cunha; ericcunha@alliancenews.com
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