Contingent Value Right (CVRs) - what are these

stormy234

Hi,

My mother had shares in Ladbrokes which were replaced by shares in GVC Holdings. She now has two certificates for GVC Holdings: one is a "Share Certificate" and one is a "Contingent Value Right Certificate" (CVR).

From a brief search on the web it seems the CVR is some sort of right to future benefits or entitlements if a restructured company meets certain performance achievements.

I wondered:
1. Is there any value in the CVR certificate ?
2. If she sold the shares is she risking losing out on entitlements in the future, or is the actual chance of any future value of the CVR's very low?

Thanks!