SBC News Voice of the Sports Betting Industry
bwin.party Entertainment has issued a corporate statement this morning, detailing that it has suspended trading of its stock on the London Stock Exchange.
The operator detailed that the UK Scheme Court Hearing had approved its acquisition by GVC Holdings, bwin.party has suspended its trading in accordance with the UK Listing Authority.
Releasing the short statement bwin.party governance confirmed its delisting
“bwin.party also announces that, as of 5.00 p.m. on January 28, 2016, the listing of the bwin.party shares on the official list of the UK Listing Authority and trading in bwin.party shares on the London Stock Exchange’s main market for listed securities were suspended.”
“The cancellation of the listing and trading of the bwin.party shares is scheduled for 8.00 a.m. on February 2, 2016.”
This January GVC Holdings CEO Kenneth Alexander confirmed to UK news sources that the merged enterprise of GVC and bwin.party would look to list on the London Stock Exchange, targeting a FTSE 250 entry. .
