Majedie Asset Management Ltd : Amendment to Irrevocable Undertaking

Released : 24 Jan 2018 12:45

On 23 January, Majedie Asset Management Limited ('Majedie') sold 20,567 shares in Ladbrokes Coral Group plc ('Ladbrokes Coral') on behalf of one or more discretionary investment management clients. The sale was a consequence of outflows from discretionary investment management 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 33,913,154 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, 32,195,698 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