32Red plc, the award-winning online casino, poker and bingo operator was established in 2002 and listed on the London Stock Exchange governed Alternative Investment Market (AIM) in 2005. 32Red is licensed and regulated by the Government of Gibraltar, where the Company's entire operations are located.
32Red was founded by Ed Ware, who left his position as Managing Director of Ladbrokes International in 2000 to pursue his vision of an independent, specialist online casino. Backed by friends and associates and a good deal of personal financial commitment, Ed and the talented management team he has assembled have grown 32Red from a start-up venture into one of the industry's most respected operators.

Since inception, all 32Red operations (including marketing, customer support, IT, maintenance of customer accounts and payment processing) have been managed from offices in Gibraltar. The Company's servers host MicroGaming casino software which is used to generate all casino game play and to maintain customer accounts. 32Red's Poker activities are offered through the Prima Poker network with customer support and account maintenance managed in-house by the 32Red team in Gibraltar.

32Red currently employs circa 40 people. The Company enjoys a young and vibrant culture where senior managers are in touch with the needs of the players and those charged with delivering the 32Red philosophy at the sharp end.


http://www.32redplc.com/

Dividend Declaration
RNS
RNS Number : 6182X
32Red Plc
23 February 2017
 
32Red Plc
 
("32Red" or ''the Company")
 
Dividend Declaration
 
23 February 2017
 
Following the announcement by Kindred Group Plc on 23 February 2017 regarding a recommended cash offer for the Company, 32Red is pleased to announce a second interim dividend of 4 pence per share (the "Approved Dividend").
 
The Approved Dividend will be paid in lieu of a final dividend that would otherwise have been declared with the Company's full year results for the year ended 31 December 2016 on 9 March 2017. The Approved Dividend is not conditional on the Offer becoming wholly unconditional and will adhere to the following timetable:
 
Ex-Dividend Date:          2 March 2017
Record Date:                 3 March 2017
Pay Date:                      23 March 2017
 
*Capitalized terms used in this announcement, and not otherwise defined, have the same meanings given in the announcement released by Kindred Group Plc regarding a Recommended Cash Offer for the Company dated 23 February 2017 (GMT).

Final results

Key highlights:
 
·      Record revenue performance with total net gaming revenues up 28% to £62.3m (2015: £48.7m)
·      EBITDA* increased 102% to £10.6m (2015: £5.2m)
·      PBT increased 511% to £6.5m (2015: £1.1m)
·      77% of net gaming revenues derived from regulated and taxed markets (2015: 80%)
·      32Red moves to profitability in Italian market
·      Successful launch of new responsive, multi-platform website in April 2016
·      Extended contract with improved and more flexible terms signed with Microgaming
·      Mobile revenues represent 57% of total casino revenues (2015: 44%)
·      Exclusive licence to promote casino games for ITV flagship brands featuring Ant and Dec
·      British Horse Racing sponsorship agreements with racecourses and brand ambassadors
·      Strong start to 2017 with net gaming revenues for the first nine weeks of the year up 20% on the same period in 2016
·      Post Period end, 32Red announced the recommended cash offer from Kindred Group plc for the entire issued and to be issued share capital of 32Red at 196p per share

32Red hikes FY pretax profit to record level
StockMarketWire.com
32Red hiked its FY pretax profit to record £6.5m, up 511% from £1.1m. Total net gaming revenues (NGR) were up 28% to £62.3m, from £48.7m.

After the end of the period, 32Red announced a recommended cash offer from Kindred Group for its entire issued capital at 196p a share.

32Red said it had delivered continued strategic progress across the business with outstanding growth on mobile, further successful product enhancements and highly successful marketing investment, all the while maintaining one of the highest levels of regulated revenue amongst our peers.

"This outstanding operational progress has resulted in another hugely successful financial outcome with EBITDA more than doubling and revenues rising by an impressive 28% to exceed prior records."

EBITDA was £10.6m, from £5.2m.

The company said momentum into 2017 had remained strong with NGR up 20% year on year.

"Underpinned by the strength of the brand, 32Red has an exceptional platform to drive continued growth across the business and increase market share both in the UK and Italy."





Story provided by StockMarketWire.com

Update on Offer conditions for 32Red plc
RNS
RNS Number : 5378A
Kindred Group PLC
27 March 2017
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION.
EMBARGOED UNTIL 7.00 A.M. (27 MARCH 2017)
 27 March 2017
 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS

1. Introduction
On 23 February 2017, the boards of directors of 32Red and Kindred announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of 32Red, to be implemented by way of a takeover offer in accordance with the laws of Gibraltar (the "Offer").
An offer document setting out the full terms and conditions of the Offer was published on 3 March 2017 (the "Offer Document").
Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Offer Document.
 
2. Offer unconditional as to acceptances
The board of directors of Kindred is pleased to announce that, by virtue of the level of acceptances received as described below, the Offer has become unconditional as to acceptances.
The Offer will remain open for acceptance until further notice.
 
3. Level of acceptances and share purchases
As at 1.00 p.m. (London time) on 24 March 2017, valid acceptances had been received from 32Red Shareholders in respect of 77,978,301 32Red Shares (representing approximately 91.4 per cent. of the issued share capital of 32Red), which Kindred may count towards the satisfaction of the acceptance condition of the Offer.
 
These acceptances include:
·    36,993,281 32Red Shares, representing approximately 43.3 per cent. of the issued share capital of 32Red, received from the 32Red Directors who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer; and
·    23,582,110 32Red Shares, representing approximately 27.6 per cent. of the issued share capital of 32Red, received from the non-director 32Red Shareholders who had given Kindred irrevocable undertakings to accept (or procure the acceptance of) the Offer.
 
None of the acceptances of the Offer received have been from persons acting in concert with Kindred. 
 
In addition, Kindred has acquired 3,320,233 32Red Shares, representing approximately 3.9 per cent. of the issued share capital of 32Red, through market purchases as announced on 24 February 2017, 27 February 2017, 28 February 2017 and 1 March 2017 respectively.
 
In total, Kindred has therefore received valid acceptances of the Offer in respect of, or has acquired, 81,298,534 32Red Shares, representing approximately 95.3 per cent. of the issued share capital of 32Red.
 
The percentage holdings of 32Red Shares referred to in this announcement are based on there being a total of 85,347,528 32Red Shares in issue on 23 March 2017.
 
4. Approval by the Licensing Authority of Gibraltar
On 23 March 2017, Kindred received approval from the Licensing Authority (Gambling Division) of HM Government of Gibraltar to the acquisition by Kindred of 32Red Shares representing more than 50 per cent. of the voting rights carried by the 32Red Shares and any matters pursuant to such acquisition which relate to the control, management and operation of 32Red such that the Condition set out in  paragraph 2(a) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document has been satisfied.
 
5. Continuation of the Offer
The Offer remains subject to the satisfaction of the remaining outstanding Conditions set out in the Offer Document, and will remain open for acceptance until further notice. At least 14 days' notice will be given by an announcement before the Offer is closed.
 
If the UKGC does not make a determination pursuant to section 102(4)(a) of the UK Gambling Act that all relevant operating licenses held by the Wider 32Red Group shall continue to have effect following the completion of the Transaction (as set out in Condition 2(b) of Part A of Section III (Conditions to and further terms of the Offer) of the Offer Document) (the "Determination") by 5.00 p.m. (London time) on 14 April 2017, 32Red and Kindred have agreed that the Offer timetable will be extended such that the final date for the fulfilment of the Conditions will be the earlier of (i) the Business Day following the date upon which the UKGC makes the Determination or (as the case may be) Kindred receives comfort to its reasonable satisfaction that the UKGC does not object to the Transaction and that the Determination will be made, and (ii) 7 June 2017 (being the date falling 12 weeks after the date on which an application was submitted by 32Red to the UKGC pursuant to section 102(2)(b) of the UK Gambling Act requesting the Determination).
 
32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible.
 
To accept the Offer in respect of 32Red Shares held in certificated form (that is, not in CREST), 32Red Shareholders should complete and return the Form of Acceptance accompanying the Offer Document (together with the relevant share certificates and any other documents of title) so as to be received by the Receiving Agent, Capita Asset Services, as soon as possible. Acceptance of the Offer for 32Red Shares held in uncertificated form (that is, shares held in CREST) should be made electronically through CREST so that settlement occurs as soon as possible. If you are a CREST sponsored member, you should refer to your CREST sponsor as only your CREST sponsor will be able to send the necessary TTE instruction to Euroclear.
 
6. Compulsory acquisition, delisting and cancellation of trading
If the Offer becomes, or is declared, unconditional in all respects, Kindred intends to procure that 32Red will make an application for the cancellation of the admission to trading of 32Red Shares on AIM and Kindred will seek to re-register 32Red as a private limited company.
A notice period of not less than 20 Business Days before the cancellation will commence on the date on which the Offer becomes or is declared unconditional in all respects.
Cancellation of admission to trading would significantly reduce the liquidity and marketability of any 32Red Shares not assented to the Offer.
Given that Kindred has received acceptances for the Offer in respect of more than 90 per cent. of the 32Red Shares to which the Offer relates by nominal value and voting rights attaching to such shares, if the Offer becomes, or is declared, unconditional in all respects, Kindred intends to exercise its rights under applicable Gibraltar law to acquire compulsorily, on the same terms as the Offer, the remaining 32Red Shares not assented to the Offer.
 
7. Disclosure of interests
Save as disclosed in this announcement, neither Kindred nor the directors of Kindred nor any person acting, or deemed to be acting, in concert with Kindred for the purposes of the Offer has any interest in relevant securities of 32Red or a right to subscribe for or any short positions (whether conditional or absolute and whether in the money or otherwise), including any short positions under a derivative, any agreement to sell or delivery obligation or right to require another person to purchase or take delivery in respect of any relevant securities of 32Red or has during the Offer Period borrowed or lent any relevant securities of 32Red.
 
8. 32Red Shareholder enquiries
Subject to certain restrictions relating to persons in Restricted Jurisdictions, the Offer Document, together with those documents listed in paragraph 15 of Section V (Additional Information) of the Offer Document, are available on the Kindred website at www.kindredplc.com and on the 32Red website at www.32redplc.com. You may request further copies of the Offer Document by contacting Capita Asset Services on +44 (0) 371 664 0321. Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. The helpline is open between 9 am - 5.30 pm (London time), Monday to Friday excluding public holidays in England and Wales. Please note that Capita Asset Services cannot provide any financial, legal or tax advice (in relation to the Offer or otherwise) and calls may be recorded and monitored for security and training purposes. If requested, copies will be dispatched, free of charge, within two business days of request.

Offer Update for 32Red plc by Kindred Group plc
RNS
RNS Number : 2917E
Kindred Group PLC
05 May 2017
 

 
RECOMMENDED CASH OFFER
for
32Red plc ("32Red")
by
Kindred Group plc ("Kindred")
 
UPDATE ON OFFER CONDITIONS
Kindred announces the following update regarding its recommended cash offer for 32Red (the "Offer"). Capitalised terms used but not defined in this announcement shall have the meaning given to them in the offer document dated 3 March 2017 (the "Offer Document").
As announced on 27 March 2017, the Offer is now unconditional as to acceptances and remains open for acceptance until further notice. The Conditions set out in paragraphs 2(a) and 2(c) of Part A of Section III of the Offer Document have been satisfied. The Offer remains subject, inter alia, to the approval of the UKGC to the change of control (as set out in paragraph 2 (b) of Part A of Section III of the Offer Document). The UKGC's review is progressing and Kindred currently anticipates that the UKGC will make a determination in the near future. Kindred anticipates that the Offer will be declared wholly unconditional upon the UKGC making a positive determination.
The Offer remains open for acceptance until further notice and 32Red Shareholders who have not yet accepted the Offer are urged to do so as soon as possible