REG - Playtech PLC - Regulatory approvals for disposal of Finalto

PlaytechAnnouncement

15/06/2022 07:00

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RNS Number : 8867O  Playtech PLC  15 June 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION 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 THAT JURISDICTION.

 

THE COMPANY HAS PUBLISHED A CIRCULAR IN CONNECTION WITH THE TRANSACTION. ANY
VOTING DECISIONS BY SHAREHOLDERS IN CONNECTION WITH THE TRANSACTION SHOULD BE
MADE ON THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR.

 

FOR IMMEDIATE RELEASE

 

15 June 2022

 

 

Receipt of regulatory approvals with respect to the disposal of Finalto

 

 

Further to the FY 2021 results announcement made on 24 March 2022, Playtech
plc ("Playtech" or "the Company") is pleased to announce that it has received
all required regulatory approvals related to the all-cash sale of its
financial trading division ("Finalto") to Gopher Investments (the
"Transaction"). The Transaction was approved by shareholders during the
General Meeting held on 1 December 2021.

 

In line with the sale and purchase agreement with Gopher Investments, the
Company now expects completion to occur on 30 June 2022, being the last day of
the month in which regulatory approvals were received. The completion of the
Transaction is a significant step in Playtech's stated strategy to simplify
the group and to focus on its technology led offering as a pureplay business
in the high growth B2B and B2C gambling markets.

 

 

 

 Enquiries:

 Playtech plc                                                                    +44 (0) 1624 645 954

 Chris McGinnis, Director of Investor Relations & Strategic Analysis

 UBS Investment Bank (Financial Adviser and Joint Sponsor to Playtech)           +44 (0) 20 7567 8000

 Rahul Luthra / Ben Crystal / Sandip Dhillon

 Goodbody Stockbrokers (Corporate Broker and Joint Sponsor to                    +353 1 667 0400
 Playtech)
 Piers Coombs / Charlotte Craigie / Stephen Kane

 Headland (PR adviser to Playtech)                                               +44 (0) 20 3805 4822
 Lucy Legh / Stephen Malthouse / Jack Gault

 

 

 

About Playtech

 

Founded in 1999 and premium listed on the Main Market of the London Stock
Exchange, Playtech is a market leader in the gambling industry with c.6,600
employees across 26 countries.

 

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, virtual sports, bingo and poker. It is
the pioneer of omni-channel gambling technology through its integrated
platform technology, Playtech ONE. Playtech ONE delivers data driven marketing
expertise, single wallet functionality, CRM and responsible gambling solutions
across one single platform across product verticals and across retail and
online.

 

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data driven gambling technology across
the retail and online value chain. Playtech provides its technology on a B2B
basis to the industry's leading retail and online operators, land-based casino
groups and government sponsored entities such as lotteries. Playtech directly
owns and operates Snaitech, the leading sports betting and gaming company in
online and retail in Italy.

 

Important Notice

 

UBS AG London Branch is authorised and regulated by the Financial Market
Supervisory Authority in Switzerland. It is authorised by the Prudential
Regulation Authority and subject to regulation by the Financial Conduct
Authority and limited regulation by the Prudential Regulation Authority in the
United Kingdom. UBS AG London Branch is acting exclusively as financial
adviser to Playtech plc and no one else in connection with the process. In
connection with such matters, UBS AG London Branch will not regard any other
person as its client, nor will it be responsible to any other person for
providing the protections afforded to its clients or for providing advice in
relation to the process, the contents of this announcement or any other matter
referred to herein.

 

Goodbody is authorised and regulated by the Central Bank of Ireland, and is
also subject to regulation by the Financial Conduct Authority. Goodbody is
acting exclusively for Playtech and for no one else in connection with the
process and will not regard any other person (whether or not a recipient of
this announcement) as a client in relation to the process or any other matter
referred to in this announcement and will not be responsible to anyone other
than Playtech for providing the protections afforded to its clients or for
giving advice in relation to the process or any other matter referred to in
this Announcement.

 

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