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£116.36m
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24.50p
Sportingbet plc
("Sportingbet" or "the Company")
Issue of Equity
and
Total Voting Rights
Pursuant to the terms of the acquisition agreement dated 3 March 2008 (the "Agreement") between Belmond International Limited ("Belmond") and a Sportingbet subsidiary, the Company has today paid £1.05 million in cash and issued and allotted 2,164,948 Ordinary Shares of 0.1 pence each in the Company ("Ordinary Shares") to Belmond, as a result of performance based targets being met.
Under the terms of the Agreement, Belmond is entitled to two further tranches of deferred consideration, in aggregate amounting to £2.55 million in cash and the issuance of 5,257,731 Ordinary Shares, should subsequent performance targets be met in the period to 31 August 2009.
These Ordinary Shares have been issued to Belmond and an application has been made to London Stock Exchange for these Ordinary Shares to be admitted to trading, which is expected to take place on 8 October 2008. The Ordinary Shares will be issued and credited as fully paid and will rank pari passu with the existing Ordinary Shares.
As a result of the above, at the date of this notification the Company's capital consists of 474,948,639 Ordinary Shares with voting rights. The fully diluted share capital remains unchanged at 530,963,124. The Company does not hold any Ordinary Shares in Treasury.
Therefore, the total number of voting rights in the Company is 474,948,639.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
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Sportingbet Plc |
+44 (0) 20 7184 1800 |
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Simon Gregory |
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Daniel Stewart & Company plc |
+44 (0) 20 7776 6550 |
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Paul Shackleton |
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Smithfield Consultants |
+44 (0) 20 7903 0669 |
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George Hudson |
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