Tabcorp increases stake in Jumbo Interactive


Tabcorp has announced that its wholly owned subsidiary Tatts Online Pty Ltd had exercised in full its option with Jumbo Interactive to acquire approximately 3.5 million Jumbo shares at an exercise price of $2.37 per share.

In conjunction with the exercise of the option, Tabcorp also announced that it had sold approximately 2.9 million Jumbo shares to a group of institutional investors.

Tabcorp regards its holding in Jumbo as strategically important and post the option exercise and sale transactions referred to above, has increased its shareholding in Jumbo from approximately 6.6m shares to approximately 7.2 million shares representing 12.49% of Jumbo shares on issue post share issuance from the option exercise. Tabcorp has no current intention to sell any of its remaining shareholding in Jumbo.