June 26 (Reuters) - Tatts Group Ltd (TTS) :
- Tatts sells UK slots business (TTS)
- 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
