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bwin.party welcomes placing of up to 50m shares

12 June 2015 08:12

bwin.party digital entertainment has welcomed a placing of up to 50 million of the company's shares by Emerald Bay and Stinson Ridge.

The group says that while the board was not party to the placing arrangements, they are consistent with obligations entered into by Emerald and Stinson to sell down their holdings before the end of October 2015 announced on 31 October 2013.

Chairman Philip Yea said: "We welcome today's news regarding the placing by the Trustees as it provides clarity for the market regarding a significant block of shares that were due to be sold during 2015. The sale has no bearing on the Board's discussions regarding proposals received from third parties that are continuing and whilst there can be no guarantee that these discussions will result in any transaction taking place, the Board will make further announcements in due course."

At 8:12am: (LON:BPTY) bwin.party digital entertainment PLC share price was -9.27p at 95.73p

Story provided by StockMarketWire.com

Related Company: BPTY

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