Key Developments: Ladbrokes PLC (LDBKF.PK)
3.10USD
18 Jun 2013
$-0.09 (-2.82%)
$3.19
$3.10
$3.10
$3.10
1,630
4,529
$3.53
$2.50
Latest Key Developments (Source: Significant Developments)
Ladbrokes Plc Announces Completion Of Acquisition Of Betdaq Betting Exchange
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. Full Article
Ladbrokes Plc Announces Final Dividend
Ladbrokes Plc announced a final dividend of 4.60 pence per share taking the full year dividend to 8.90 pence per share, an increase of 14.1% over last year. The dividend will be payable on May 9, 2013 to shareholders on the register on March 22, 2013. Full Article
Ladbrokes Plc Acquires Betdaq Betting Exchange Alderney Limited for Initial Consideration of EUR 30 Million; Invests 10% Stakes in TBH Guernsey Limited
Ladbrokes Plc announced that it has agreed to acquire Global Betting Exchange Alderney Limited (GBEA), the operator of the Betdaq exchange business, for an initial consideration of EUR 30 million on a cash free/debt free basis from TBH Limited (TBH). In addition, Ladbrokes Plc has agreed to acquire from TBH a 10% stake in TBH Guernsey Limited (TBHG), the technology provider to GBEA, for EUR 4million, with a call option to acquire the remaining shares in TBHG after four years. The transaction is subject to certain conditions, including certain regulatory approvals and confirmations. It is expected to complete in late February 2013. Full Article
Ladbrokes Plc Announces Interim Dividend
Ladbrokes Plc announced an interim dividend of GBP0.043 per share. The dividend will be payable on October 25, 2012, to shareholders on the register on September 14, 2012 Full Article
Ladbrokes Plc Signs Deal To Acquire US Sportsbook Supplier, Stadium Technology
Ladbrokes Plc announced that it has signed an agreement to acquire a majority stake in Stadium Technology Group (Stadium) a Las Vegas based supplier of software and in game betting applications to sportsbook operators. Stadium supplies its licensed technology to a number of sportsbook and third party suppliers in Nevada and Delaware. The deal sees Ladbrokes enter the US market at a time when a number of states are exploring liberalising gambling. Casinos that utilise Stadium software directly or through third party suppliers include: Atlantis, Cosmopolitan, Crystal Palace, Golden Nugget, Hard Rock, M Resort, Palazzo, Treasure Island and The Venetian. Ladbrokes initial investment to acquire a 65% majority stake in the business is $3 million, with a retained option to buy the remaining 35% of the business over the next five years on a performance related basis. Full Article
Ladbrokes Plc, Sportingbet plc Tie-up Talks Fail On Turkey Issues-DJ
Dow Jones reported that Ladbrokes Plc and Sportingbet plc have mutually terminated takeover talks amid concerns about legacy liabilities from Sportingbet's Turkish operations. Full Article
Statement by the Board of Sportingbet plc regarding a Possible Offer From Ladbrokes plc
Sportingbet plc announced that on 23 June 2011, Sportingbet announced that it had received an approach in relation to a possible offer for the Company from Ladbrokes plc ("Ladbrokes"). In accordance with Rule 2.6(a) of the Code, Ladbrokes is now required, by not later than 5.00 p.m. on 17 October 2011, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. Talks between Sportingbet and Ladbrokes are still continuing and a further announcement will be made in due course. Full Article
Ladbrokes Plc Announces Interim Dividend
Ladbrokes Plc announced an interim dividend of GBP0.039 per share. The dividend will be payable on December 1, 2011, to shareholders on the register on August 12, 2011. Full Article
Ladbrokes to cut up to 100 jobs at head office
May 21 - Ladbrokes said as many as 100 employees at its headquarters in Harrow could lose their jobs as Britain's second-largest bookmaker transfers a number of roles to its operation in Israel, set up as part of its agreement with gaming software developer Playtech.
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