REG - Takeover Panel Playtech PLC - Statement re Playtech Plc

PlaytechAnnouncement

07/12/2021 10:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211207:nRSG8352Ua&default-theme=true

RNS Number : 8352U  Takeover Panel  07 December 2021

2021/28

 

PLAYTECH PLC ("PLAYTECH")

ARISTOCRAT (UK) HOLDINGS LIMITED, A WHOLLY OWNED SUBSIDIARY OF ARISTOCRAT
LEISURE LIMITED ("ARISTOCRAT")

JKO PLAY LIMITED ("JKO")

On 17 October 2021, the boards of Aristocrat and Playtech announced that they
had reached agreement on the terms of a recommended firm offer for Playtech
(the "Aristocrat Offer"), to be implemented by means of a scheme of
arrangement.

On 12 November 2021, Playtech announced the publication of the scheme circular
in relation to the Aristocrat Offer.  That circular included notice of the
shareholder meetings to approve the Aristocrat Offer, which are scheduled to
be held on 12 January 2022.

On 17 November 2021, Playtech announced that it had received a preliminary
approach from JKO with respect to a possible offer for Playtech.

Pursuant to Rule 2.6(d) and Section 4 of Appendix 7 of the Takeover Code, the
Panel Executive has ruled that, unless the Executive consents otherwise, JKO
must, by 5.00pm on 5 January 2022, being the seventh day prior to the date of
the shareholder meetings, either announce a firm intention to make an offer
for Playtech under Rule 2.7 of the Code or announce that it does not intend to
make an offer for Playtech.  This deadline will cease to apply if, before
that time, a third party other than JKO has announced a firm intention to make
an offer for Playtech under Rule 2.7.

Each of Playtech, Aristocrat and JKO has accepted this ruling.

7 December 2021

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  POTEAEAXEDPFFFA