Brief: Aristocrat Leisure Announces Proposed Acquisition Of Neogames

NeoGames SA

14/05/2023 23:51

May 15 (Reuters) - Aristocrat Leisure Ltd  ALL.AX :
    * PROPOSED ACQUISITION OF NEOGAMES & INCREASE TO SHARE
BUYBACK
    * PROPOSED ACQUISITION OF 100% OF NEOGAMES S.A FOR A CASH
PRICE OF
US$29.50 PER SHARE
    * TRANSACTION VALUES NEOGAMES' FULLY DILUTED EQUITY AT
APPROXIMATELY US$1.0 BLN 
    * NEOGAMES BOARD HAS RECOMMENDED THAT NEOGAMES SHAREHOLDERS
VOTE
IN FAVOUR OF ACQUISITION 
    * ON-MARKET SHARE BUY-BACK PROGRAM INCREASED BY UP TO A$500
MILLION
    * NEOGAMES SHAREHOLDERS WHO HOLD 61% OF ITS OUTSTANDING
SHARES,
HAVE EXECUTED DEAL & THEY WILL VOTE IN FAVOUR OF ACQUISITION 
    * DEAL EXPECTED TO BE ACCRETIVE TO EPSA IN FIRST FULL YEAR
OF
ARISTOCRAT OWNERSHIP (FY25) 

Source text for Eikon:  ID:nASX44b7Dx 
Further company coverage:  ALL.AX 

 ((Reuters.Briefs@thomsonreuters.com;))