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Bestgames Holdings Ltd LSE: BESP |
Aug 20, 2008 02:00 ET
Withdrawal from PLUS
20/08/2008
GB00B17Q8N61/GBP/PLUS-exn
BESTGAMES HOLDINGS LTD
WITHDRAWAL FROM PLUS
PLANNED WITHDRAWAL FROM PLUS
As part of the Board's strategic review, it became clear that maintaining a quote on PLUS was not in the
best interests of the shareholders. The cost of being on PLUS and the compliance requirements are not
necessary for the development of the Company's business and its future financing. At a Board meeting held
on 19 August 2008, the Directors concluded that the Company should be withdrawn from PLUS and stated the
intention that the Company will withdraw from the market at the close of business on 5 September 2008.
The Directors are conscious that this may make it harder to deal in the shares. However, your Board is of
the opinion that this proposed course of action is in the best interest of shareholders as we plan for the
future.
UNDER THE PLUS RULES, THE COMPANY IS REQUIRED TO GIVE SHAREHOLDERS A PERIOD OF NOT LESS THAN 10 BUSINESS
DAYS TO OBJECT, SHOULD THEY SO WISH, TO THE INTENDED WITHDRAWAL OF ITS SECURITIES FROM THE PLUS MARKET.
ANY SHAREHOLDER WISHING TO RAISE AN OBJECTION SHOULD CONTACT PLUS IN CONFIDENCE BY 4 SEPTEMBER 2008
(E-MAIL: REGULATION@PLUSMARKETSGROUP.COM TEL: 020 75532000)
A separate letter has been sent to shareholders today regarding the proposed withdrawal.
The Directors of the Issuer accept responsibility for this announcement.
For more information please contact:
BestGames Holdings Ltd
Henrik Magnuson, CEO Tel: + 46 708 32 66 72
henrik@bestgamesholdings.com
St Helen's Capital Plc
Duncan Vasey/Barry Hocken Tel: + 44 207628 5582
NOTES TO EDITORS
BestGames Holdings Ltd was launched in 2006 and is aiming to become a leading independent investor in
internet gaming related companies and stocks. It currently operates two brands, www.BestPoker.com and
www.BestBingo.com, which mainly target the European market, whilst also attracting customers worldwide. The
two brands together encompass three major gaming areas: Poker, Casino and Bingo. The Group also offers the
possibility for Mobile Gaming.
BestPoker.com, which is a fast growing online poker-room, is part of the Ongame Network, which is one of
the largest poker networks in the world, with about 12 million customers. BestBingo.com is the newest
contribution to the Group offering its customers online bingo and various casino games.
For more information, please contact
Bestgames Holdings Ltd