Ladbrokes Plc sells Vernons

7 Nov 2007 07:08

Ladbrokes PLC07 November 2007 7 November 2007 Ladbrokes Plc sells Vernons to Sportech plc for £51 million Ladbrokes Plc today announces that it has agreed terms to dispose of its Vernonsfootball pools business to Sportech plc for cash consideration of £51 million,of which £45 million will be payable on completion and a further £3 million ineach of the two years following completion. The conditional deal is expected tobe completed in early December, following approval by Sportech's shareholders. Enquiries Julian Arlett Head of Investor Relations +44 (0) 7976 348 913Ciaran O'Brien Head of Public Relations +44 (0) 7976 180 173 This information is provided by RNS The company news service from the London Stock Exchange