Sale of republic of ireland estate
William Hill PLC (LSE: WMH) (William Hill or the Company) announces that it has agreed the sale of its remaining 15 shops in the Republic of Ireland to the Irish bookmaker Boylesports for a cash consideration of €1.5m. Completion of the sale is expected in December. The Company is now entering a consultation period with the 65 employees affected by the sale. William Hill anticipates incurring approximately £2m of exceptional costs in respect of the disposal in the 2011 financial year, net of cash consideration. William Hill will continue to operate in Ireland through its very successful William Hill Online Irish website, www.williamhill.ie, which was launched in May 2011.
William Hill PLC
Ralph Topping, Chief Executive
Neil Cooper, Group Finance Director
Lyndsay Wright, Director of IR
Tel: +44 (0) 20 8918 3987
Simon Sporborg / Oliver Hughes
Tel: +44 (0) 20 7404 5959
About William Hill:
William Hill is a leading betting and gaming company. It is one of the UK’s largest bookmakers with over 2,350 LBOs in the UK that provide betting opportunities on a wide range of sporting and non-sporting events, and gaming machines. The Group’s online business, William Hill Online, is one of the leading European online betting and gaming businesses by profitability, providing sports betting, casino games, poker, bingo, numbers betting and skill games.