Inspired deal with from investment firm

10 September 2007

UNITED KINGDOM -- As reported by the UK Times: "The three leading executives at Inspired Gaming, the leisure company, are in line for a near-£40m payout if a planned takeover offer from the Icelandic investment firm FL Group goes ahead.

"Luke Alvarez and Norman Crowley, the co-chief executives, and Russell Hoyle, the chairman, were each awarded almost 3.4m share options when the company went public in June last year.

"Each set of shares would be worth about £13m if the proposed deal goes ahead. On Friday, FL confirmed that it had made an indicative offer of 385p a share for Inspired, and that it was carrying out due diligence on the business after being granted access to its financial information.

"The Icelandic firm is already a 10% shareholder in the company, which specialises in distributing amusement machines to pubs, betting shops and bingo halls..."

Related Links

Icelandic Online Gambling

Inspired Entertainment

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