Unibet´s acquisition of Betchoice finalised

Unibet´s acquisition of Betchoice finalised

 

Following the approval by Australian Northern Territory Racing Commission on 28
February 2012, Unibet Group plc has today finalised the acquisition of 100 per
cent of the Australian company Betchoice Corporation Pty Ltd.

The acquisition price is AUD 20.0 million (GBP 13.6 million), on a debt free
cash free basis, which has been paid as cash up front today.

In addition, there is an earn-out for Mark Morrissey, founder, Chairman and 38
per cent shareholder based on 5.5x 2014 EBITDA in Australia less the initial
acquisition price. A further AUD 2.4 million in aggregate will be payable to
certain other shareholders, if 2014 EBITDA in Australia exceeds AUD 4.4 million.

Mark Morrissey will remain with the business post completion.

Unibet Group plc will consolidate Betchoice Corporation Pty Ltd as from today in
its results.

“We are grateful for the licensing authority’s swift processing which means that
we get immediate access to the regulated Australian on-line market. The
acquisition provides us with a basis to grow market share inAustraliaand means
that Unibet’s gross winnings revenue proportion from re-regulated markets will
increase,” says Henrik Tjärnström, CEO Unibet.

 

 

 

For more information:

Inga Lundberg, Investor Relations      +44 788 799 6116