Worldlink Grp Regulatory News (WGP)

16 Dec 2005 10:26

World Gaming PLC16 December 2005 FOR IMMEDIATE RELEASE 16 DECEMBER 2005 WORLD GAMING PLC (AIM) ("World Gaming" or the "Group") DIRECTORS' DEALINGS AND ISSUE OF EQUITY The Board of World Gaming announces that certain of its Directors have exercisedoptions to purchase the Group's ordinary shares, as follows: James H. Grossman: exercised an option to purchase 250,668 ordinary shares (leaving Mr. Grossman with vested and unvested active options to purchase 1,199,332 ordinary shares); A. Daniel Moran: exercised an option to purchase 250,668 ordinary shares (leaving Mr. Moran with vested and unvested active options to purchase 2,249,332 ordinary shares); David Naismith: exercised an option to purchase 250,664 ordinary shares (leaving Mr. Naismith with vested and unvested active options to purchase 1,399,336 ordinary shares); and Clare Roberts exercised an option to purchase 48,000 ordinary shares (leaving Mr. Roberts with vested and unvested active options to purchase 427,000 ordinary shares). All of the 800,000 ordinary shares purchased by the Directors pursuant to theabove-referenced option exercises were sold on the 12 December 2005, raising £1million for the Directors. The foregoing sales were at £1.25 per ordinary share,the same price per ordinary shares at which the Group's ordinary shares weresold in the placing announced following the Company's Annual General Meeting onFriday 9 December 2005. In addition, the Board announces that the 5,540,166 ordinary shares to thevendor of the SPORTSBETTING.Com Group, as detailed in the admission documentpublished on the 14 November 2005, have been issued and allotted. It is expectedthat these shares will be admitted to trading on AIM on the 21 December 2005. --ENDS-- Enquiries: World Gaming plc Tel. +1 888 883 0833Daniel Moran, Chief Executive Daniel Stewart & Company plc Tel. 020 7776 6550Ruari McGirr Bishopsgate Communications Limited Tel: 020 7430 1600Maxine Barnes U.S. Securities Act Notice The Ordinary Shares sold by the Directors and by the Company in the recentplacing have not been and will not be registered under the U.S. Securities Actof 1933 (the "Securities Act") and may not be offered or sold in the UnitedStates or to a U.S. person (as such term is defined in Regulations S under theSecurities Act) absent registration or an applicable exemption from registrationunder the Securities Act. Notes to Editors World Gaming is an internet Gaming Software provider offering a comprehensivesuite of products and services for internet gaming Operators and white-labelpartners. World Gaming offers a wide range of integrated online gaming solutionsincluding sportsbook, racing, casino and poker, supported by comprehensivee-commerce, customer service and back-office management systems. Through its wholly-owned subsidiaries, the Group licenses the Gaming Softwareand provides a complete package of related services for which it charges aroyalty and other fees to Operators. Prior to October 2004, the Gaming Software was owned and developed solely by theGroup through its wholly-owned subsidiaries. A joint venture agreement withSportingbet Plc was entered into in October 2004, pursuant to which the GamingSoftware was transferred to an equally owned exempt liability partnership withSportingbet Plc. World Gaming's Ordinary Shares are traded on the London Stock Exchange,Alternative Investment Market ("AIM") under the symbol WGP and the Over TheCounter Bulletin Board market in the U.S. under symbol WGMGY. Further information on the Company can be found atwww.worldgaming.com This information is provided by RNS The company news service from the London Stock Exchange