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30 June 2005
30/06/05 PartyGaming plc to the Main Market

PartyGaming plc opens the London markets

 

30 June 2005

 

 

PartyGaming plc (PartyGaming) is a leading e-gaming company which owns a number of online poker, casino and bingo brands, including PartyPoker, Starluck Casino and PartyBingo.  The company is licensed and regulated by the Government of Gibraltar, where the Group has its headquarters.

 

PartyGaming’s offer of existing ordinary shares was priced to institutional investors at 116p.  Based upon this offer price, the market capitalisation of PartyGaming at the commencement of conditional dealings was £4.64 billion.

 

Richard Segal, Chief Executive, commented:

 

“We are delighted that the IPO has received an excellent response from major UK and international institutional investors.  The listing will reinforce the Group’s position as one of the world’s leading online gaming companies and enhance the Group’s profile as we seek to expand internationally.”

 

Dresdner Kleinwort Wasserstein Limited is acting as sponsor to PartyGaming in relation to the Offer and Dresdner Kleinwort Wasserstein Securities Limited (“DrKW”) is acting as sole global co-ordinator and bookrunner.  Calyon, Commerzbank Corporates & Markets, Enskilda Securities, HVB Corporates & Markets, ING Wholesale Banking and Mediobanca - Banca di Credito Finanziario S.p.A., are acting as co-lead managers.

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