PRN: Completion of Sale of Mandalay

12/mar/2019 15:06:54 PR Newswire Turismo Contatta l'autore

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Completion of Sale of Mandalay

 
[12-March-2019]
 

LONDON, March 12, 2019 /PRNewswire/ -- JPJ Group plc (LSE: JPJ) (the "Group"), a leading global online bingo-led operator, announces today that further to the announcement of 19 February 2019, it has completed the sale of its Mandalay operating business to a subsidiary of 888 Holdings plc for £18 million. As previously outlined, £12 million of the cash consideration has been received by the Group on completion, with the remaining £6 million to be paid in September 2019.

About JPJ Group plc
JPJ Group plc is the parent company of an online gaming group that provides entertainment to a global consumer base through its subsidiaries. JPJ Group plc currently offers bingo and casino games to its customers through its subsidiaries using the Jackpotjoy (www.jackpotjoy.com), Starspins (www.starspins.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), and InterCasino (www.intercasino.com) brands. For more information about JPJ Group plc, please visit www.jpjgroup.co! m .

Enquiries: JPJ Group plc: Jason Holden, Director of Investor Relations, +44(0)203-907-4032, jason.holden@jpj.com; Amanda Brewer, Vice President of Corporate Communications, +1-416-720-8150, amanda.brewer@jpj.com; Finsbury: James Leviton, Andy Parnis, +44(0)207-251-3801, jpj@finsbury.com

 


Company Codes: Frankfurt:JP7, LSE:JPJ, OTC-PINK:JKPTF, Stuttgart:JP7
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