GVC Holdings PLC Management Change (8222X)

TIDMGVC

RNS Number : 8222X

GVC Holdings PLC

02 May 2019

2 May 2019

GVC Holdings PLC

("GVC", the "Group")

Management Change

GVC notes today's announcement by The Restaurant Group plc that Andy Hornby will be joining as its CEO in due course.

Andy has been a key member of the Group since he joined in 2011, having been CEO of Coral, COO of Ladbrokes Coral and Co-COO of GVC. He has led the Ladbrokes Coral Retail and Digital businesses to outperform the market and leaves them in a stronger position overseen by a talented management team.

Kenneth Alexander, GVC's CEO commented:

"Over the last eight years Andy has been instrumental in the turnaround and growth of the Ladbrokes Coral businesses. The business has genuinely been transformed under Andy and I have really enjoyed working with him, and would like to thank him for his valuable contribution to the Group. We congratulate Andy on his new role and wish him well for the future."

Contact:

 
GVC Holdings PLC: 
Robert Hoskin, Company Secretary              Tel: +350 200 78700 
 
Media enquiries: 
Buchanan Communications 
David Rydell/ Chris Lane/ Jamie Hooper  Tel: +44 (0) 20 7466 5000

About GVC

GVC Holdings PLC is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. GVC acquired Ladbrokes Coral Group plc on 28 March 2018 and is now the UK's largest high street bookmaker, with over 3,500 betting shops. The Group, incorporated in the Isle of Man, is a constituent of the FTSE 250 index and has licences in more than 20 countries, across five continents.

For more information see the Group's website: www.gvc-plc.com

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