RAM Ram Active

 

TIDMRAM 
 
RNS Number : 0954E 
RAM Investment Group PLC 
14 December 2009 
 

FOR IMMEDIATE RELEASE 15 December 2009 
 
 
 
 
RAM INVESTMENT GROUP PLC 
("RAM" or the "Company") 
 
 
RAM REALISES INVESTMENT IN GAMING TECHNOLOGY SOLUTIONS LIMITED 
 
 
 
 
GAMING TECHNOLOGY SOLUTIONS LIMITED 
 
 
RAM Investment Group plc ("RAM") is pleased to announce the sale of its holding 
of 731,992 shares in Gaming Technology Solutions Ltd ("GTS") to Playtech Ltd. 
 
 
The initial cash consideration for the sale is EUR0.24 per share and a further 
consideration based on the profitability of the GTS business over the next 2 
years capped at EUR0.72 per share. 
 
 
Tim Baldwin, chairman of RAM, commented: "We are delighted that we have realised 
this unlisted investment within the year of purchase. The investment was 
initially made for a consideration of shares and the proceeds from the sale look 
likely to yield us a significant profit and will also provide us with a useful 
addition of cash both now and over the next two years for further investment in 
our digital technology businesses". 
 
 
 
 
BACKGROUND 
 
 
Playtech Ltd, the leading provider of software to the online, mobile and land 
based gaming sector, has entered into an agreement to acquire the entire issued 
share capital of GTS. GTS is a rapidly growing gaming software business and one 
of the largest game aggregators in the industry. For the 12 month period ended 
June 2009, GTS recorded revenues of GBP2.6m and adjusted PBT of GBP0.3m before 
amortization of intangibles of GBP1.8m. 
 
 
The consideration for the acquisition by Playtech Ltd comprises of an initial 
amount of approximately EUR10.8m and further consideration capped at EUR21.6m based 
on the profitability of GTS over the next two years. 
 
 
 
 
For further information please call: 
 
 
Tim Baldwin  RAM Investment Group plc 020 7518 4337 
 
 
Sandy Jamieson Libertas Capital Corporate Finance Limited                0207 
569 9650 
 
 
Monisha Varadan   Rivington Street Corporate Finance Limited               0207 
562 3389 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISGUGBAPUPBGQC 
 

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