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Article: GLOBAL ENTERTAINMENT GROUP PLC - Acquisition of Global Gaming Leisure plc.
- Article from:
- PR Newswire UK Disclose
- Article date:
- April 17, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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17 April 2008
Global Entertainment Group plc
Acquisition of Global Gaming Leisure plc
The Directors of Global Entertainment Group plc ("GEG") are pleased to announce
the acquisition of 100 per cent of the issued share capital of Global Gaming
Leisure plc ("GGL") for a total consideration of GBP2,030,000 ("the
Acquisition").
The Acquisition has been satisfied by the issue of 126,875,000 new ordinary
shares of GEG at the price of 1.6p per share, credited as fully paid. The total
number of shares in issue following the Acquisition will be 424,601,635, giving
GEG a market capitalisation of GBP5,838,272.
GGL actively ...