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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.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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