REG - Gopher Investments Playtech PLC - Gopher withdrawal from possible offer for Playtech

PlaytechAnnouncement

19/11/2021 12:00

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RNS Number : 0005T  Gopher Investments  19 November 2021

Press Release, Gopher Investments

19 November 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

 

Gopher withdrawal from possible offer for Playtech

Gopher Investments ("Gopher"), a 4.97% shareholder in Playtech plc
("Playtech"), today confirms that it does not intend to make an offer for
Playtech.

Today's announcement has no bearing on Gopher's agreement to acquire
Playtech's financial trading division, Finalto. Gopher remains fully committed
to the acquisition. The process is ongoing and is expected to complete in H1
2022.

This is a statement to which Rule 2.8 of the Takeover Code (the "Code")
applies.

Under Note 2 on Rule 2.8 of the Code, Gopher reserves the right to set the
restrictions in Rule 2.8 aside in the following circumstances:

a.    with the agreement of the board of Playtech (provided, as specified
in Note 2 on Rule 2.8, such agreement can only be given in the event that the
offer announced by Aristocrat (UK) Holdings Limited lapses or is withdrawn);

b.    if a third party (including the consortium of JKO Play Limited and
Centerbridge Partners L.P.) announces a firm intention to make an offer for
Playtech;

c.     if Playtech announces a "whitewash" proposal (see Note 1 of the
Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the
Code); and

d.    if there has been a material change of circumstances (as determined
by the Takeover Panel).

Ends

About Gopher Investments and TT Bond Partners

Gopher is an investment vehicle backed by investors with experience in gaming
and financials, and is an affiliate of TT Bond Partners ("TTB"). TTB, through
its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher
on this transaction, is an investment and advisory firm based in Hong Kong,
whose founders and professionals have over 30 years' experience in the
financial services industry investing and advising on over $250 billion of
transactions in the US, Europe, and Asia.

Contacts

Investor Enquiries

Finalto@gopher-investments.com (mailto:Finalto@gopher-investments.com)

Camarco (Media Contact)

Jennifer Renwick
jennifer.renwick@camarco.co.uk (mailto:jennifer.renwick@camarco.co.uk)

020 3757 4994

 

Rothschild & Co (Financial Adviser)

Edward Duckett

Ashley Gillard

 

No offer or solicitation:

This announcement is for information purposes only and is not intended to and
does not constitute or form part of any offer or invitation to purchase,
acquire, subscribe for, sell, dispose of or issue, or any solicitation to
purchase, acquire, subscribe for, sell, dispose of or issue any securities in
Playtech in any jurisdiction.

Overseas jurisdictions:

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in the
United Kingdom or who are subject to the laws of other jurisdictions should
inform themselves of, and observe, any applicable restrictions or
requirements. Any failure to comply with these restrictions may constitute a
violation of securities laws of any such jurisdictions. To the fullest extent
permitted by law, Gopher and TTB disclaim all and any responsibility or
liability for the violation of such restrictions by such person.

No investment recommendation:

This announcement is not intended to be and does not constitute or contain any
investment recommendation as defined by Regulation (EU) No 596/2014 (as it
forms part of the domestic law in the United Kingdom by virtue of the European
Union (Withdrawal) Act 2018). No information in this announcement should be
construed as recommending or suggesting an investment strategy. Nothing in
this announcement or in any related materials is a statement of or indicates
or implies any specific or probable value outcome in any particular
circumstance.

Disclaimer:

N.M. Rothschild and Sons Limited ("Rothschild & Co"), which is authorised
and regulated by the Financial Conduct Authority in the United Kingdom, is
acting exclusively for Gopher Investments and no one else in connection with
the matters described in this announcement and will not be responsible to
anyone other than Gopher Investments for providing the protections afforded to
clients of Rothschild & Co nor for providing advice in connection with any
matter referred to herein or the other matters referred to herein.

 

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