Rank is worth substantially more than 150p per share ... - Rank Group

Definitions
“£” or “GBP” pounds sterling, the lawful currency of the UK;
“Act” the Companies Act 2006;
“AGIL”
“Board” or “Directors”
“CAGR”
“City Code” or “Takeover Code”
“closing price”
“customers”
“customer visits”
“dealings” or “dealt”
“DCMS”
“Director”
“disclosure period”
“this document”
“DPS”
“EBITDA”
“ECJ”
“EPS”
“Executive Directors”
“free cash flow”
“Gambling Commission”
“Goldman Sachs International”
“Group”
“Guoco Group”
All Global Investments Limited, a wholly owned subsidiary of Guoco Group;
the board of directors of the Company, whose names appear in paragraph 4 of
Additional Information;
compound annual growth rate;
the City Code on Takeovers and Mergers published by the United Kingdom’s Panel on
Takeovers and Mergers from time to time;
the closing middle-market price of a Rank share on a particular day as derived from the
Daily Official List;
unique customers visiting a bingo club or casino or operating an online or telephone
betting account in the 12 month period;
individual customer visits to bingo clubs and casinos;
for the purpose of paragraph 5 of Additional Information has the meaning given in that
paragraph;
Department for Culture, Media and Sport;
a director of Rank;
for the purpose of paragraph 5 of Additional Information has the meaning given in that
paragraph;
this document, circulated on 26 May 2011 in accordance with the City Code;
dividend per share;
earnings before interest, tax, depreciation, amortisation and exceptional items;
European Court of Justice;
earnings per share;
Ian Burke and Paddy Gallagher;
the amount of cash generated by the business after meeting its obligations for interest,
tax and capital investment;
the governing body for all sectors of gambling in Great Britain, with the exceptions of
the National Lottery and spread betting;
Goldman Sachs International Limited, a company incorporated in England and Wales
with company number 02263951;
collectively, Rank and its subsidiaries from time to time;
Guoco Group Limited, a subsidiary of Hong Leong Company (Malaysia) Berhad;
“H2 Gambling Capital” supplier of data and consultancy regarding the gambling industry;
“HMRC”
“interested in”
“Latest Practicable Date”
Her Majesty’s Revenue & Customs;
for the purpose of paragraph 5 of Additional Information has the meaning given in that
paragraph;
close of business on 23 May 2011, being the latest practicable date prior to publication
of this document;
“LTIP” The Rank Group 2005 Long-Term Incentive Plan and The Rank Group 2010
Long-Term Incentive Plan;
“main stage bingo”
“market capitalisation”
“net promoter score” or “NPS”
“Non-Executive Directors”
traditional game of bingo played in a licensed club;
used to indicate the value of a company by multiplying the number of shares in issue
by the current share price;
a measure of a customer’s propensity to recommend;
all of the Directors who are not the Executive Directors;
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