After the reception of a court approval of the scheme of arrangement of the acquisition of bwin.party Digital Entertainment Plc (LON:BPTY), owner of CFD and spread betting services provider InterTrader, by GVC Holdings PLC (LON:GVC), the companies confirmed today that the deal is completed.
GVC said it now owns the entire issued ordinary share capital of bwin.party.
The admission of GVC’s entire issued share capital to the Standard Segment of the Official List and commencement of dealings in GVC Shares on the Main Market is expected to take place on or around 8.00 a.m. tomorrow, February 2, 2016. The company has notified the London Stock Exchange to cancel the admission of its entire issued share capital on AIM, with such cancellation expected to take effect from 8.00 am on February 2, 2016.
bwin.party has filed an application with the UK Listing Authority requesting the cancellation of the listing of its shares on the Official List and an application has been made to the London Stock Exchange requesting the cancellation of trading of bwin.party’s hares on the London Stock Exchange’s main market for listed securities. The cancellation of the listing and trading of bwin.party Shares and the admission of the issued and to be issued GVC shares to the Official List (Standard Segment) and to trading on the main market of the London Stock Exchange is set to take place at or around 8.00 a.m. on February 2, 2016.
To view the official announcement on the deal completion, click here.