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William Hill's Extraordinary General Meeting
Tuesday March 19,2013 : WILLIAM HILL REPORTS FAVOURABLE EGM
Strong support from shareholders on acquisition of Playtech stake in WHO
William Hill's Extraordinary General Meeting (EGM) held earlier today (Monday) saw its shareholders overwhelmingly vote in favour of two resolutions namely; the acquisition of Genuity Services Limited's (Playtech) 29 percent stake in William Hill Online (WHO) and the William Hill Online Long Term Incentive Plan 2008.
In total, 524,489,385 shares were voted in favour of the Proposed Acquisition resolution, representing 100.00 percent of the votes cast, while 520,535,797 shares were voted in favour of the Long Term Incentive Plan resolution, representing 98.93 percent of the votes cast.
Ralph Topping, Chief Executive of William Hill, commented:
"We are pleased to have received such clear shareholder support for this transaction. Taking full ownership of William Hill Online is an important strategic step for William Hill as we continue to develop our online business, which plays a key part in our growth strategy."
The Group intends to raise approximately GBP 375 million (net of expenses) through a 2 for 9 Rights Issue of 156,871,900 New Ordinary Shares at a price of 245 pence per share which, together with approximately GBP 50 million from the 2012 Bridge Credit Facility, will be used to finance the acquisition whilst maintaining an appropriate capital structure for the Group.
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NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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