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Provider: Wright Reports

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Ladbrokes Plc Announces Completion Of Acquisition Of Betdaq Betting Exchange

Friday, 1 Mar 2013 02:00am EST 

Ladbrokes Plc announced that further to the announcement made earlier, the Company now announced that it has completed the acquisition from Tbh Limited (TBH) of Global Betting Exchange Alderney Limited (GBEA), the operator of the betdaq exchange business, and a 10% stake in TBH Guernsey Limited (TBHG), the technology provider to gbea, with a call option to acquire the remaining shares in TBHG after four years. 6,952,405 ordinary shares of 28 pence each in The Company have been allotted to TBH as part consideration for the acquisition of GBEA. Application has been made to the UK Listing Authority and the London Stock Exchange for these shares to be listed on the Official List maintained by the UK Listing Authority and to be admitted to trading on the London Stock Exchange. Dealings are expected to commence on March 04, 2013. 

Company Quote

0.1 +0.09%
19 Dec 2014