On 14 February 2018, Majedie Asset Management Limited ('Majedie') sold 198,700 shares in Ladbrokes Coral Group plc ('Ladbrokes Coral') from one or more of its pooled fund portfolios. The sale was a consequence of outflows from pooled fund portfolios and was in accordance with the relevant provision of Majedie's irrevocable undertaking dated 21 December, 2017 to vote in favour of GVC Holdings plc's offer for Ladbrokes Coral. Following the sale Majedie holds 33,636,955 Ladbrokes Coral shares. Of this holding Majedie is entitled to instruct voting rights over, and its irrevocable undertaking to vote in favour of the offer is now in respect of, 31,926,663 shares.
The shares which are the subject of this announcement are also the subject of a contemporaneous announcement under Rule 8.3.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Majedie Asset Management Ltd via GlobeNewswire
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