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World Gaming reveals AIM listing date
May 16, 2005
The UK-based Internet-gaming software and e-business services group
of companies World Gaming has followed up on its encouraging financial
reports last week with an announcement on its expected admission to
the Alternative Investment Market ("AIM") of the London
Stock Exchange commencing May 17, 2005.
CEO Daniel Moran says that upon completion of an institutional offering,
WG has agreed a placing price of 52.5 pence per share on the placing
of GBP 2.5 million worth of new ordinary shares with such institutional
investors upon admission to AIM.
The impending AIM listing has given the WG the opportunity to raise
capital through institutional investment in the company's shares together
with the ability in the future to strategically use shares traded
on the AIM as currency for its acquisition moves. It is expected that
existing ADR holders will continue to trade their shares on the OTC.BB
market; however, they will be invited to transfer their shares to
the AIM market should they wish to do so. Existing ADR holders will
receive an explanatory communication prior to any listing on the AIM.
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