Brief: Evoke Withdraws Medium-Term Financial Targets Due To Tax Changes
26/11/2025 17:51
Nov 26 (Reuters) - Evoke PLC EVOK.L: EVOKE PLC - RESPONSE TO THE UK BUDGET EVOKE PLC - TAX RATE CHANGES TO INCREASE DUTY COSTS BY £125-135M ANNUALLY EVOKE PLC - EXPECTS TO MITIGATE 50% OF HIGHER DUTIES IMPACT EVOKE PLC - WITHDRAWING MEDIUM-TERM FINANCIAL TARGETS DUE TO DUTY CHANGES EVOKE PLC - BELIEVES INDUSTRY TAX CHANGES WILL RESULT IN THOUSANDS OF INDUSTRY-WIDE JOB LOSSES EVOKE PLC - BELIEVES INDUSTRY TAX CHANGES WILL RESULT IN INCREASE IN CUSTOMER ACTIVITY ON UNREGULATED BLACK-MARKET EVOKE PLC - "BELIEVES DUTY INCREASES WILL SEVERELY JEOPARDISE PROGRESS MADE BY LICENSED UK BETTING AND GAMING INDUSTRY" EVOKE PLC: ABOUT £80M OF PRE-MITIGATION IMPACT ARISING IN FY26 GIVEN TIMEFRAME FOR TAX RATE CHANGES IMPLEMENTATION EVOKE PLC - WILL BEGIN IMMEDIATELY ON EXECUTING OUR MITIGATION PLANS, WHICH INVOLVE A SIGNIFICANT REDUCTION IN INVESTMENT INTO UK Source text: ID:nRSZ1687Ja