REG - TT Bond Partners Playtech PLC - No intention to bid statement

PlaytechAnnouncement

14/07/2022 07:00

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RNS Number : 4135S  TT Bond Partners  14 July 2022

TT Bond Partners

14 July 2022

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

 

No intention to bid statement

TTB Partners Limited ("TTB") today confirms that due to challenging underlying
market conditions it is not intending to make an offer for Playtech plc
("Playtech"). TTB remains supportive of the Board, the executive management
team, their strategy for Playtech and the prospects for the business. TTB also
intends to support the Board's efforts to maximise shareholder value.

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, TTB 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;

b.    if a third party announces a firm intention to make an offer for
Playtech;

c.     if Playtech announces a Rule 9 waiver 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 TT Bond Partners

TT Bond Partners, through its Hong Kong regulated entity, TTB Partners
Limited, 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

Camarco (Media Contact)

Jennifer Renwick

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, TTB disclaims 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 TTB and no one else in connection with the matters
described in this announcement and will not be responsible to anyone other
than TTB 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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