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BRIEF-Tatts sells UK slots business

Published 27/06/2016, 10:00 am
© Reuters.  BRIEF-Tatts  sells UK slots business
TTS
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June 26 (Reuters) - Tatts Group Ltd TTS.AX :

* Tatts sells UK slots business TTS.AX

* Says FY 2016 npat (continuing operations - excluding talarius) expected range

$255M to $265M

* Sale of talarius will result in Tatts deriving net proceeds and cash receipts

(after transaction costs) of £111M

* Says Tatts UK slots business sold to Novomatic

* Sale after repaying debt facilities will not have a material impact on

continuing earnings per share for the group

* Divestment will result in non-cash accounting charge in FY 2016 financial

results of A$50M which will be reported as a loss in discontinued operations

* Intends maintaining tatts' current dividend policy of paying out

approximately 90% of continuing operations npat

* Currently intends declaring a fully franked final dividend to be paid in

October 2016

* Source text for Eikon ID:nASX778fNS

*

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