
William Hill PLC
11 July 2005
11 July 2005
For immediate release
William Hill PLC ('William Hill')
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Sale of 28 licences betting offices to the Tote
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William Hill today announces that it has reached agreement to sell twenty-eight
licensed betting offices ('LBOs') to the Tote for a consideration of £ 15
million.
The LBOs being sold were acquired as part of the acquisition of Stanley Leisure
plc's retail bookmaking operations in Great Britain, Northern Ireland, the
Republic of Ireland, Jersey and the Isle of Man (the 'Acquisition'), which
completed on 18 June 2005. The disposal is being made with a view to reduce the
effect of the Acquisition on conditions of local competition. Completion of the
disposal is expected to take place within the next three weeks.
The OFT which is investigating the competition issues arising from the
Acquisition is expected to report its findings before the end of July.
Enquiries
Tom Singer Chief Operating Officer 020 8918 3910
This information is provided by RNS
The company news service from the London Stock Exchange
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