RNS Number : 3983C
Alphameric PLC
12 November 2009
12 November 2009
ALPHAMERIC PLC
AMRAC WINS LEGAL PROCEEDINGS WITH NO FURTHER RIGHT OF APPEAL
In 2008, Amalgamated Racing Limited ("AMRAC") and other defendants including Alphameric successfully defended proceedings in the High Court over allegations that AMRAC had acquired certain of its horse racing media rights in contravention of UK competition law and the EC Treaty.
An appeal lodged by the claimants was dismissed by the Court of Appeal on 28 July 2009. The claimants subsequently lodged with the Supreme Court of the United Kingdom an application for leave to appeal the order made by the Court of Appeal.
On 9 November 2009, the Supreme Court refused permission to appeal the order made by the Court of Appeal. This has therefore brought final conclusion to the legal proceedings in favour of AMRAC, Alphameric and the other defendants.
For further information, please contact:
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Alphameric plc
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Alan Morcombe, Group Chief Executive
Mike McLaren, Group Finance Director
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01483 293971
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Weber Shandwick Financial
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Nick Oborne / Clare Thomas
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020 7067 0700
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Notes to Editors
Alphameric plc is listed on the London Stock Exchange, and has for over 20 years provided a range of technology and operating services to the bookmaking market including Electronic Point of Sale ('EPoS') terminals, screen systems, media management and data services. Alphameric's customer base covers approximately 90% of British licensed betting offices including those of the major bookmakers such as William Hill, the Tote, Coral, Ladbrokes and BetFred. Alphameric provides media management services to nearly half of the smaller independent bookmaking market.
Alphameric is also a 50% shareholder in Amalgamated Racing Limited ('AMRAC'), a joint venture company owned by Alphameric and Racecourse Media Services Limited, which is in turn owned by a number of the UK's foremost racecourses. AMRAC holds exclusive licences with 31 racecourses, including Aintree, Ascot, Ayr, Bangor, Beverley, Carlisle, Cartmel, Catterick, Cheltenham, Chester, Epsom, Goodwood, Hamilton Park, Haydock Park, Huntingdon, Kempton Park, Ludlow, Market Rasen, Musselburgh, Newbury, Newmarket, Nottingham, Pontefract, Redcar, Salisbury, Sandown Park, Thirsk, Warwick, Wetherby, Wincanton and York, to broadcast pictures, audio and data from these courses to licensed betting offices within the UK and Republic of Ireland on its television channel TurfTV.
This information is provided by RNS
The company news service from the London Stock Exchange
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