27 Aug 2015 09:14
27 August 2015
bwin.party digital entertainment plc
('bwin.party')
Possible offer from GVC
The Board of bwin.party confirms, further to its discussions with GVC Holdings PLC ('GVC'), that key aspects of GVC's proposal have now been addressed to bwin.party's satisfaction. bwin.party has now asked GVC to clarify, with respect to its proposal, the best terms on which GVC is prepared to make a formal offer to acquire all of the issued and to be issued shares in bwin.party.
Whilst there can be no certainty that an offer will be made by GVC for bwin.party, 888 Holdings plc ('888') has been informed of this development and, if appropriate, will be given due notice in the event that bwin.party proposes to recommend an offer from GVC.
bwin.party's directors' unanimous recommendation of 888's offer, that was announced on 17 July 2015, is unchanged by this announcement.
The Board expects to give a further update concerning these matters on Tuesday, 1st September 2015.
Contacts:
bwin.party digital entertainment plc
InvestorsPeter Reynolds +44 (0) 20 7337 0177Media
Jay Dossetter +44 (0) 20 7337 0134