NEW YORK, Dec. 14, 2018 /CNW Telbec/ - HG Vora Capital Management, LLC and HG Vora Special Opportunities Master Fund Ltd. (collectively, "HG Vora") announced today that on December 11, 2018, HG Vora disposed of 3,500,000 ordinary shares of JPJ Group plc (formerly, Jackpotjoy plc) ("JPJ") in over the facilities of the London Stock Exchange for £6.46 per share. The total consideration received in Canadian dollars, based on the Bank of Canada daily exchange rate on December 11, 2018, was $38,016,454.00. On December 12, 2018, HG Vora disposed of 3,000,000 ordinary shares of JPJ over the facilities of the London Stock Exchange for £6.315048 per share. The total consideration received in Canadian dollars, based on the Bank of Canada daily exchange rate on December 12, 2018, was $31,945,301.81.
Following these transactions, HG Vora owns and exercises control and direction over an aggregate of 6,000,000 ordinary shares of JPJ, representing approximately 8.07% of the issued and outstanding ordinary shares of JPJ.
The securities of JPJ were disposed of for investment purposes. HG Vora may increase or decrease its ownership of securities of JPJ depending upon future market conditions.
FOR FURTHER INFORMATION, OR TO OBTAIN A COPY OF THE EARLY WARNING REPORT FILED BY HG VORA UNDER APPLICABLE SECURITIES LEGISLATION, PLEASE SEE THE CONTACT INFORMATION BELOW:
SOURCE HG Vora Capital Management, LLC
For further information: Christopher McLean, HG Vora Capital Management, LLC, 330 Madison Avenue, 20th Floor, New York, NY 10017, Tel: (212) 707-5044