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Stanley Leisure Well Placed for Auction

UNITED KINGDOM – As reported by UK Telegraph: "Stanley Leisure, the casino operator, yesterday said it was well placed for the auction of new casino licences as it detailed an expected £327m cash return to investors.

"Investors will be able to take the cash, worth 250p per share, either as income (A shares), capital (B shares) or a mixture of both. Holders of A shares will receive a one-off special dividend, while those opting for capital will see the B-shares admitted to Aim and pay an annual dividend.

"…Shareholder approval will be sought at an extraordinary general meeting on September 8, with cheques despatched on September 16. The shares rose 13½ to 557p…"

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