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UK
Casino Times
> Casino
News
18 May 2005
Online Casino Software Firm
Trades On AIM
World
Gaming plc has announced the commencement of trading on AIM
under the symbol WGP. The Company has raised a total of
£2,499,000 at 52.5 pence (US$1.00) per share. Daniel
Stewart & Company plc is acting as Nominated Adviser and
Broker.
Prior to October 2004, the
Gaming Software was owned and developed solely by the Group
through its wholly-owned subsidiaries. A joint venture
agreement with Sportingbet Plc was entered in October 2004,
pursuant to which the gaming software was transferred to an
equally owned exempt liability partnership with
Sportingbet.
4,760,000 new ordinary
shares were placed, resulting in net proceeds of
£2,029,000. The proportion of the enlarged share
capital represented by the placing shares has been declared
at 13 per cent and the number of ordinary shares in issue at
admission has been quoted at 37,985,203. This results in
market capitalisation at admission at the issue price of
£19,262,632.
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