
PartyGaming Plc
07 June 2006
7 June 2006
PartyGaming Plc
(The 'Company')
Notification of Major Interests in Shares
Following the placing of 200,000,000 ordinary shares of 0.0015 pence each in the
Company ('Shares') by Dresdner Kleinwort Wasserstein Securities Limited ('DrKW
'), the Company was informed on 7 June 2006 that the following founder
shareholders with notifiable interests each sold a beneficial interest in the
number of Shares indicated below at a price of 116 pence per Share on 7 June
2006.
Founder Number of Percentage of Resultant Percentage of
Shareholder Shares Sold Total Issued Number of Total Issued
Share Capital Shares Held Share Capital
Sold Held
Crystal Ventures
Limited (1) 56,666,667 1.42% 1,158,085,333 28.95%
Cheam Directors
Limited (2) 33,333,333 0.83% 594,986,667 14.87%
Cheam Directors
Limited (3) 33,333,333 0.83% 594,986,667 14.87%
Coral Ventures
Limited (4) 66,666,667 1.67% 278,293,333 6.96%
(1) A company owned indirectly by Anurag Dikshit, founder and former Group
Operations Director; now the Company's Head of Research and Special Projects
(2) Cheam Directors Limited holds Shares on bare trust for Stinson Ridge
Limited, a company wholly owned by Russell DeLeon, founder.
(3) Cheam Directors Limited holds Shares on bare trust for Emerald Bay Limited,
a company wholly owned by Ruth Parasol, founder.
(4) A company owned indirectly by Vikrant Bhargava, founder and the Company's
Group Marketing Director.
Following the placing, these founder shareholders continue to hold, in
aggregate, approximately 65.7% of the Company's issued share capital. In
addition, the Company has been informed that they have agreed to extend their
existing lock-up which expires on 30 June 2006; they have undertaken not to
dispose of any further shares prior to the date of publication of the Company's
interim results (expected on 5 September 2006) and not to dispose of any further
shares, without the prior consent of DrKW, from the publication of the Company's
interim results until 31 December 2006, other than, inter alia, in accepting a
takeover bid for the Company or to connected persons who are themselves
locked-up.
The Company's free float has consequently increased from 23.1% to 28.1% of the
Company's issued share capital.
The Group's second quarter key performance indicators will be announced on 21
July 2006.
Contacts:
PartyGaming Plc +44 (0)20 7337 0100
Peter Reynolds, Director of Investor Relations
John Shepherd, Director of Corporate Communications
Financial Dynamics +44 (0)20 7831 3113
Edward Bridges / Juliet Clarke
This information is provided by RNS
The company news service from the London Stock Exchange
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