Further re. acquisition
28 Agosto 2007 - 7:35AM
UK Regulatory
RNS Number:8682C
Betbrokers PLC
28 August 2007
Press release 28 August 2007
Betbrokers plc
("Betbrokers" or "the Company")
Further re acquisition
Further to the announcement on 6 July 2007, Betbrokers plc, (AIM: BETB), the
UK's first retail and wholesale brokerage and clearing house for the sports
betting industry, announces that the Agreement to acquire the assets and
business operations of Winning Edge has been granted approval both from the US
Securities and Exchange Commission and from Winning Edge shareholders. Winning
Edge is the trading name of Global Sports Edge International, Inc.
Under the terms of the Agreement, Betbrokers is acquiring all of the operating
assets of Winning Edge for a consideration of US$6.8 million payable in
Betbrokers' shares. The acquisition is expected to be finalised by Wednesday, 5
September 2007 and the Company will make a further announcement upon completion.
- Ends -
For further information, please contact:
Betbrokers plc
Wayne Lochner, Chairman and Chief Executive Tel: +44 (0) 8448552100
wlochner@betbrokers.com www.betbrokers.com
Hanson Westhouse Limited
Tim Metcalfe / Matthew Johnson Tel: +44(0) 20 7601 6100
tim.metcalfe@hansonwesthouse.com www.hansonwesthouse.com
Media enquiries:
Abchurch Communications
Chris Lane / Franziska Bohnke Tel: +44 (0) 20 7398 7716
franziska.boehnke@abchurch-group.com www.abchurch-group.com
About Betbrokers plc
Betbrokers is the UK's first independent betting brokerage. The Company
facilitates transactional business between both retail gamblers and wholesale
clients. The Company's operations were formally launched in 2005.
Betbrokers provides services, from its dedicated dealing room in London's Canary
Wharf, to two groups of participants within the gambling industry:
* The Company provides its retail customers with the advantage of best price
execution together with the ability to deal 'in size' in a majority of
sporting events. Retail customers will soon be able to access advanced
data-sales and trading analysis platforms, which feed from aggregated
internal price mechanisms.
* Betbrokers already has agreements with over 100 bookmakers, providing them
with the opportunity to take on additional bets from retail customers.
Importantly, the Company also offers bookmakers a facility to effectively
manage their risk exposure by hedging positions anomalously using Betbrokers
as an intermediary to deal with the other bookmakers.
Betbrokers floated on the AIM market of the London Stock Exchange in November
2006. Further information is available on the Company at: www.betbrokers.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQFGGZRZRZGNZM
Betbrokers (LSE:BETB)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Betbrokers (LSE:BETB)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about Betbrokers (London Stock Exchange): 0 recent articles
Más de Betbrokers Plc Artículos de Noticias