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Paddy Power plc (”Paddy Power”) today announces completion of its acquisition of a 51% shareholding in Sportsbet Pty Ltd (”Sportsbet”), minutiae of what one were announced adhering 14 May 2009.
As separate of the consideration toward the transaction , Paddy Power has today issued 100,000 ordinary shares of €0.10 eddish to Sportsbet shareholders (the “Consideration Shares”).
Application elect subsist made today because the listing of the Consideration Shares to be admitted to the Official List of the Irish Stock Exchange, the Official List of the UK Listing Authority and to commercial steady the London Stock Exchange (”Admission”).
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These shares series equally by means of the existing issued ordinary shares of the Company.Admission is expected to be appropriate to powerful upon 7 July 2009.
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