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GVC Holdings PLC (GVC.L)

GVC.L on London Stock Exchange

929.50GBp
18 Dec 2017
Change (% chg)

1.50 (+0.16%)
Prev Close
928.00
Open
931.50
Day's High
936.50
Day's Low
923.50
Volume
888,327
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1,622,674
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992.50
52-wk Low
586.00

Latest Key Developments (Source: Significant Developments)

GVC Announces 50 Mln Euro Increase In Long-Term Refinancing Facility
Thursday, 7 Dec 2017 02:00am EST 

Dec 7 (Reuters) - Gvc Holdings Plc ::ANNOUNCE EUR 50M INCREASE IN TERM LOAN ELEMENT OF ITS SENIOR SECURED TERM AND REVOLVING FACILITY, ORIGINALLY SIGNED IN MARCH 2017​.‍FACILITY NOW COMPRISES A EUR 300M TERM LOAN AND A EUR 70M REVOLVING CREDIT FACILITY ​.‍ADDITIONAL EUR 50M RAISED WILL BE USED FOR POTENTIAL BOLT-ON ACQUISITIONS AND GENERAL CORPORATE PURPOSES​.‍NOMURA INTERNATIONAL PLC AND DEUTSCHE BANK AG - LONDON BRANCH ACTED AS MANDATED LEAD ARRANGERS​.  Full Article

GVC Holdings announces disposal of Turkish operations
Thursday, 2 Nov 2017 03:05am EDT 

Nov 2 (Reuters) - GVC HOLDINGS PLC :GVC HOLDINGS PLC - DISPOSAL.‍PLEASED TO ANNOUNCE SALE OF HEADLONG LIMITED, A WHOLLY OWNED SUBSIDIARY, AND OTHER COMPANIES ("HEADLONG AND ASSOCIATED BUSINESSES") THAT COMPRISE ITS TURKISH FACING OPERATIONS TO ROPSO MALTA LIMITED​.SALE HAS PERFORMANCE RELATED EARN-OUT CONSIDERATION OF UP TO A MAXIMUM AMOUNT OF EUR 150M IN CASH​.‍COMPLETION IS CONDITIONAL ON GAMING REGULATORY AND LENDER APPROVAL AND IS EXPECTED TAKE PLACE BY END OF DECEMBER 2017​.‍IN YEAR ENDED 31 DECEMBER 2016, HEADLONG AND ASSOCIATED BUSINESSES GENERATED APPROXIMATELY EUR 35M OF CLEAN EBITDA​.‍BOARD HAS CONCLUDED IT IS NOW APPROPRIATE FOR GVC TO FURTHER INCREASE ITS FOCUS ON REGULATED MARKETS​.‍FOLLOWING DISPOSAL REGULATED 1 AND/OR LOCALLY TAXED PROPORTION OF GROUP'S NGR WILL INCREASE TO APPROXIMATELY 75%​.‍DISPOSAL PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.​.‍DISPOSAL WILL NOT IMPACT GROUP'S STATED PROGRESSIVE DIVIDEND POLICY​.‍IN ADDITION, BOARD BELIEVES THAT DISPOSAL WILL INCREASE ATTRACTIVENESS OF GROUP TO INVESTORS AND POTENTIAL CONSOLIDATION PARTNERS.​.  Full Article

Adams sells 68,753 shares of EUR 0.01 in GVC
Friday, 6 Oct 2017 07:28am EDT 

Oct 6 (Reuters) - Adams Plc :‍ADAMS SOLD HOLDING OF 68,753 ORDINARY SHARES OF EUR 0.01 IN GVC ON MAIN MARKET OF LSE AT A PRICE OF 850 PENCE PER SHARE​.  Full Article

GVC Holdings posts H1 adjusted pretax profit of 101.9 mln euros
Thursday, 14 Sep 2017 02:00am EDT 

Sept 14 (Reuters) - GVC HOLDINGS PLC ::H1 NET GAMING REVENUE ‍486.2​ MILLION EUROS VERSUS 390.6 MILLION EUROS IN H1 2016.‍ON TRACK TO SECURE TARGETED EUR 125M OF SYNERGIES ANNOUNCED AT TIME OF BWIN.PARTY TRANSACTION, BY END OF CURRENT YEAR​.‍MIGRATION OF REMAINING TERRITORIES ONTO BWIN.PARTY TECHNOLOGY PLATFORM IS EXPECTED TO BE COMPLETED BY END OF 2017​.H1 ADJUSTED CLEAN EBITDA OF 133.9 MILLION EUROS VERSUS 91.2 MILLION EUROS IN H1 2016.H1 ADJUSTED PRETAX PROFIT 101.9 MILLION EUROS VERSUS 51.3 MILLION EUROS IN H1 2016.INTERIM DIVIDEND 16.5 EUR C PER SHARE.‍STRONG TRADING REPORTED FOR FIRST TWO QUARTERS HAS CONTINUED INTO Q3​.‍DAILY GROUP NGR IS UP 12% (FOR PERIOD UP TO 10 SEPTEMBER) AGAINST CORRESPONDING PERIOD LAST YEAR​.‍NOW EXPECTS GROUP CLEAN EBITDA FOR CURRENT YEAR TO BE COMFORTABLY AHEAD OF CURRENT ANALYSTS' CONSENSUS FORECAST OF EUR 255.9M​.  Full Article

GVC Holding declares second special dividend for 2016 of 15.1 euro cents
Thursday, 23 Mar 2017 03:13am EDT 

GVC Holdings Plc : Final results . Fy pro forma 1 net gaming revenue up 9 pct to eur 894.6m (+12 pct in constant currency) . Fy pro forma clean ebitda 2 up 26 pct to eur 205.7m . Fy adjusted profit before tax 3 eur 93.8m versus eur 46.4m in 2015 . Second special dividend euro 15.1c, giving total euro 30c dividends declared for fy 2016 . For q1, pro forma daily ngr up 15 pct (+16 pct constant currency) . For q1, pro forma daily sports labels ngr +18 pct (+19 pct constant currency) . For q1, pro forma daily sports labels ngr +18 pct (+19 pct constant currency) .For q1, pro forma daily games labels ngr + 6 pct (+8 pct constant currency).  Full Article

GVC holdings says signed a EUR 320 mln credit facility
Thursday, 2 Mar 2017 02:00am EST 

GVC Holdings Plc : signed a EUR 320 mln senior secured term and revolving facility comprising a eur 250 mln term loan and a eur 70 mln revolving credit facility .Has now successfully secured long-term and increased debt facilities.  Full Article

GVC Holdings sees group NGR "slightly ahead of" previous guidance
Thursday, 2 Feb 2017 02:00am EST 

GVC Holdings Plc : Repaid in full outstanding loan of eur 386 mln provided by Cerberus Business Finance . NGR per day increased by 7 pct (up 9 in constant currency) in Q4 2016 over same period in 2015 . Board now anticipates reporting pro-forma 1 group NGR for year-ended 31 December 2016 of about eur 894 mln .Slightly ahead of previous guidance.  Full Article

GVC Holdings says CFO Richard Cooper to step down; Paul Miles to succeed
Tuesday, 20 Sep 2016 02:00am EDT 

GVC Holdings Plc : Richard cooper, chief financial officer, is to step down from board, effective from February 2017 .Paul Miles, currently chief financial officer of consumer credit group Wonga, has agreed to join group in Feb. 2017.  Full Article

GVC says replaces existing financing arrangements
Tuesday, 2 Aug 2016 02:00am EDT 

Gvc Holdings Plc : Has entered into a commitment with nomura international plc ("nomura") for a replacement of gvc's existing financing . Proceeds of which are to be applied towards repayment of its secured eur 400 million term loan facility with cerberus business finance, llc . Gvc and nomura have committed to eur 250 million nomura loan with formal documentation of agreement being signed by 31 october 2016 . Balance of cerberus loan will be repaid from existing cash resources .Replacement of existing financing arrangements.  Full Article

GVC Holdings says transfers to premium listing
Monday, 1 Aug 2016 02:00am EDT 

Gvc Holdings Plc : Transfer to a premium listing .Approval by UK Listing Authority of transfer of listing category of all of its ordinary shares from standard listing segment to premium listing segment.  Full Article

Deals of the day- Mergers and acquisitions

Dec 7 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: