Brief: Neogames To Commence An Offer To Acquire Aspire Global Which Will Create A Leading Global Provider In Technology And Content Across Ilottery, Online Sports Betting And Igaming

NeoGames SA

17/01/2022 23:01

Jan 17 (Reuters) - NeoGames SA  NGMS.O :
    * NEOGAMES TO COMMENCE AN OFFER TO ACQUIRE ASPIRE GLOBAL
WHICH
WILL CREATE A LEADING GLOBAL PROVIDER IN TECHNOLOGY AND CONTENT
ACROSS ILOTTERY, ONLINE SPORTS BETTING AND IGAMING
    * NEOGAMES SA - OFFER VALUES ASPIRE GLOBAL AT APPROXIMATELY
$480
MILLION
    * NEOGAMES SA - TRANSACTION IMMEDIATELY ACCRETIVE TO
EARNINGS
BEFORE TAXES
    * NEOGAMES SA - OFFER WILL BE FUNDED THROUGH A COMBINATION
OF
NEWLY ISSUED NEOGAMES SHARES AND CASH
    * NEOGAMES SA - EXPECTS TO ISSUE 7.6 MILLION SHARES TO
SHAREHOLDERS OF ASPIRE GLOBAL AS PAYMENT OF EQUITY COMPONENT OF
OFFER
    * NEOGAMES SA - EXPECTS TO PAY CASH OF UP TO APPROXIMATELY
$293
MILLION RELATED TO CASH COMPONENT OF OFFER
    * NEOGAMES SA - OBTAINED FULLY COMMITTED DEBT FINANCING FROM
BLACKSTONE ALTERNATIVE CREDIT ADVISORS LP TO PARTIALLY FUND CASH
PORTION OF OFFER
    * NEOGAMES SA -  FULLY COMMITTED DEBT FINANCING FROM
BLACKSTONE
ALTERNATIVE CREDIT ADVISORS LP, CONSISTING OF A EUR 188 MILLION
TERM LOAN
    * NEOGAMES SA - COMBINED COMPANY EXPECTED TO BE LED BY MOTI
MALUL,
WHO WILL CONTINUE AS CEO, AND RAVIV ADLER AS CHIEF FINANCIAL
OFFICER
    * NEOGAMES SA - TSACHI MAIMON, CHIEF EXECUTIVE OFFICER OF
ASPIRE
GLOBAL, IS EXPECTED JOIN NEOGAMES AS PRESIDENT AND LEAD NEWLY
FORMED IGAMING DIVISION
    * NEOGAMES SA - CURRENT BOARD OF DIRECTORS OF NEOGAMES IS
EXPECTED
TO REMAIN IN PLACE WITH NO CHANGES

Source text for Eikon:  ID:nGNX95pr10 
Further company coverage:  NGMS.O 

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