16 Aug 2018 15:30
16 August 2018
Gaming Realms plc
("Gaming Realms," the "Company" or the "Group")
Completion of sale
Further to the announcements on 27 June 2018 and 18 July 2018, regarding the proposed transaction to sell a 70% stake in most of Gaming Realms' UK online casino B2C business to River UK Casino Limited, the Company is pleased to confirm that the sale has now completed.
The Company also confirms that the initial consideration payment of £4.2 million cash has been received in accordance with the completion of the sale.
-Ends-
Enquiries:
Gaming Realms plc | 0845 123 3773 |
Patrick Southon, CEO Mark Segal, CFO | |
Akur Limited (Financial Adviser) David Shapton Matthew Smith Alexander Bergqvist | 020 7493 3631 |
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 |
About Gaming Realms
Gaming Realms creates and publishes innovative real money and social games for mobile, with operations in the UK, U.S. and Canada. Through its market leading mobile platform and unique IP and brands, Gaming Realms is bringing together media, entertainment and gaming assets in new game formats. The Gaming Realms management team includes accomplished entrepreneurs and experienced executives from a wide range of leading gaming and media companies.
Gaming Realms (GMR)