REG - FTB Limited Playtech PLC - Statement re Playtech plc

PlaytechAnnouncement

18/11/2021 07:05

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RNS Number : 7537S  FTB Limited  18 November 2021

FTB Limited

 

 

Statement re. Playtech plc

 

The Eddie Jordan Family office and Keith O'Loughlin note this morning's
announcement by Playtech plc and confirms that a consortium led by them,
called JKO Play, is evaluating making a competing offer for the issued and to
be issued share capital of Playtech plc, (the "Possible Competing Offer").

 

JKO Play emphasises that this announcement does not amount to a firm offer
under Rule 2.7 of the Code and there can be no certainty that any Possible
Competing Offer will be made, nor as to the terms on which it might be made.

 

A further announcement will be made as and when appropriate.

 

 

- Ends -

 

 JKO Play

 Keith O'Loughlin

 c/o Montfort Communications

 www.jkoplay.com (http://www.jkoplay.com)

 Global Leisure Partners - Financial Adviser  020 7016 8050

 Simon Dunn

 Mark Harms

 Investec Bank plc - Corporate Broker         020 7597 4000

 Bruce Garrow

 Chris Treneman

 Ben Farrow

 Montfort Communications

 Nick Miles                                   077 3970 1634

 Olly Scott                                   078 1234 5205

 

 

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company must make an Opening
Position Disclosure following the commencement of the offer period. An Opening
Position Disclosure must contain details of the person's interests and short
positions in, and rights to subscribe for, any relevant securities of the
offeree company. An Opening Position Disclosure by a person to whom Rule
8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th
business day following the commencement of the offer period and, if
appropriate, by no later than 3.30 pm (London time) on the 10th business day
following the announcement of the possible offer. Relevant persons who deal in
the relevant securities of the offeree company prior to the deadline for
making an Opening Position Disclosure must instead make a Dealing Disclosure.

 

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company must make a
Dealing Disclosure if the person deals in any relevant securities of the
offeree company. A Dealing Disclosure must contain details of the dealing
concerned and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of the offeree company, save to the
extent that these details have previously been disclosed under Rule 8. A
Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no
later than 3.30 pm (London time) on the business day following the date of the
relevant dealing.

 

If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company, they will be deemed to be a single person
for the purpose of Rule 8.3. Opening Position Disclosures must also be made by
the offeree company and by any persons acting in concert with any of them (see
Rules 8.1, 8.2 and 8.4).

 

Details of the offeree in respect of whose relevant securities Opening
Position Disclosures and Dealing Disclosures must be made can be found in the
Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced. You should contact the
Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any
doubt as to whether you are required to make an Opening Position Disclosure or
a Dealing Disclosure.

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
published on the Company's website at www.jkoplay.com (http://www.jkoplay.com)
.

 

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities, or the
solicitation of any vote or approval in any jurisdiction, pursuant to this
announcement or otherwise. Any offer, if made, will be made solely by certain
offer documentation which will contain the full terms and conditions of any
offer, including details of how it may be

accepted.

 

Global Leisure Partners LLP ("GLP") which is authorised and regulated in the
UK by the Financial Conduct Authority, is acting for JKO Play and no one else
in connection with the Possible Competing Offer and will not be responsible to
anyone other than JKO Play for providing the protections afforded to clients
of GLP nor for giving advice in relation to the Possible Competing Offer.

 

Investec Bank plc, which is authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and Prudential Regulation
Authority, is acting for JKO Play and no one else in connection with the
Possible Competing Offer and will not be responsible to anyone other than JKO
Play for providing the protections afforded to clients of Investec Bank plc
nor for giving advice in relation to the Possible Competing Offer.

 

Upon the publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the public domain.

 

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