Corporate By William Hill PLC

Publication of Scheme Document

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
 

For immediate release

17 January 2013

RECOMMENDED OFFER

FOR

SPORTINGBET PLC

BY

WILLIAM HILL AUSTRALIA PTY LIMITED, A WHOLLY

OWNED SUBSIDIARY OF WILLIAM HILL PLC

AND

GVC HOLDINGS PLC

to be effected by means of a Scheme of Arrangement

under Part 26 of the Companies Act 2006

PUBLICATION OF SCHEME DOCUMENT

 

Further to the announcement by the boards of William Hill plc, GVC Holdings plc and Sportingbet plc

made on 20 December 2012 (the "Announcement"), the board of Sportingbet announces that the GVC Prospectus is expected to be finalised early next week. Accordingly, the Scheme Document is nowanticipated to be despatched to Sportingbet Shareholders and Sportingbet Convertible Bondholders and, for information only, participants in the Sportingbet Share Plans on Wednesday 23 January 2013 and from that time, copies will be available free of charge, subject to certain restrictions relating to persons resident in Restricted Jurisdictions, on Sportingbet's website at www.sportingbetplc.com, William Hill's website at www.williamhillplc.com, and GVC's website at www.gvc-plc.com.

The Panel on Takeovers and Mergers has given its consent to these arrangements.

As noted in the Announcement, UBS executed an irrevocable undertaking in respect of 29,472,443 Sportingbet Shares to procure that the registered holder of such shares will vote in favour of the Scheme at the Shareholder Court Meeting and in favour of the Sportingbet Shareholder Resolution at the Sportingbet General Meeting and also stated, on a non-binding basis, in such irrevocable undertaking that, subject to any client restrictions, it intended to make no election under the Mix and Match Facility. This irrevocable undertaking provided that it would lapse if the Scheme Document was not posted to Sportingbet Shareholders on or before 17 January 2013. UBS has now agreed to extend this date to 24 January 2013 and has also now confirmed that it no longer makes any statement of intent as regards any election under the Mix and Match Facility.

Copies of this announcement and of the deed of amendment in relation to the UBS irrevocable undertaking will be available on the websites of Sportingbet at www.sportingbetplc.com, William Hill at www.williamhillplc.com and GVC at www.gvc-plc.com.

For the avoidance of doubt, the contents of these websites are not incorporated into and do not form part of this announcement.

Terms defined in the Announcement have the same meaning when used in this announcement.

See full press release   

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