FORMER BWIN C.E.O CASHES IN SOME OF HIS SHARES IN NEW MERGED COMPANY
Teufelberger sells off 460,000 shares but retains a handsome holding in GVC Holdings.
Hot on the heels of the completed GVC Holdings-Bwin.Party merger comes the news that former Bwin CEO (and now non-executive director of the merged company) Norbert Teufelberger has cashed in some of his shares.
In a stock exchange advisory Tuesday the company advised that Teufelberger has sold 460,000 ordinary shares of Euro 0.01 each in the company ("Ordinary Shares") at 490p (GBP37.99) per Ordinary Share.
The company advises that following this transaction, Teufelberger retains an interest in 2,755,264 Ordinary Shares representing 0.94 percent of the company's issued share capital.