Erste Bank Exercised Betbull Shares Option

5 Apr 2006

LONDON – (PRESS RELEASE) -- Erste Bank exercised all of its 105,000 options on new ordinary shares of betbull - The European Betting Exchange Plc on 30 March 2006. The options were part of the compensation package for Erste Bank as lead arranger and book runner for the IPO of Betbull in October 2004 and correspond to 5% of the then placed volume. The strike price was set at 7 EUR. Betbull receives total proceeds of 735,000 EUR.

Gunter Schmid, CEO of Betbull: "We thank Erste Bank for this demonstration of trust and faith into our business and team. It is also a show of a healthy and long standing relationship with our financial advisors that extended well over the IPO-phase, as it should be."

Betbull has the goal to establish itself as one of the leading Continental European retail betting players.

Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	Erste Bank Exercised Betbull Shares Option 5 Apr 2006 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LONDON – (PRESS RELEASE) -- Erste Bank exercised all of its 105,000 options on new ordinary shares of betbull - The European Betting Exchange Plc on 30 March 2006. The options were part of the compensation package for Erste Bank as lead arranger and book runner for the IPO of Betbull in October 2004 and correspond to 5% of the then placed volume. The strike price was set at 7 EUR. Betbull receives total proceeds of 735,000 EUR. Gunter Schmid, CEO of Betbull: "We thank Erste Bank for this demonstration of trust and faith into our business and team. It is also a show of a healthy and long standing relationship with our financial advisors that extended well over the IPO-phase, as it should be." Betbull has the goal to establish itself as one of the leading Continental European retail betting players.