GVC Holdings cancels CVR’s

GVC Holdings has cancelled Contingent Value Rights (CVRs) following the cutting of maximum stakes on B2 Gaming machines to GBP 2.

Representatives of GVC and the CVR holders consulted with one another on the value of the CVRs agreeing that the CVRs, and the loan notes which each CVR holder may have had a right to, issued as part of the consideration for the acquisition of the Ladbrokes Coral Group, have zero value.

Consequently, the CVRs have been cancelled and are not available for re-issue.

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