SpringOwl Asset Management LLC
06 December 2021
Letter of Intent: Acquisition of
Playtech plc and disposal by the Company of Finalto
On 17th October 2021, SpringOwl Asset Management
LLP provided a Letter of Intent regarding our intentions in
relation to 10,705,253 shares which SpringOwl Asset Management LLC,
Ader Investment Management LLC and Jason N Ader have authority to
vote.
We have since established that accounts that we advise had
disposed of 1,012,796 shares prior to 17th October.
In accordance with The City Code on Takeovers and Mergers, Rule
2.10 (c)(i), we further advise that 10,000 shares were sold by the
accounts that we advise on 25 October 2021, 10,000 shares on 26
October 2021 , 117,500 shares on 27 October 2021, 117,000 shares on
28 October 2021, 116,000 shares on 29 October 2021, 10,000 shares
on 01 November 2021, 15,000 shares on 08 November 2021, 200,000
shares on 10 November 2021, 200,000 shares on 11 November 2021,
200,000 shares on 12 November 2021, 207,000 shares on 15 November
2021, 200,000 shares on 16 November 2021, 215,000 shares on 17
November 2021, 207,500 shares on 18 November 2021, 331,000 shares
on 19 November 2021, 155,596 shares on 22 November 2021, 157,926
shares on 23 November 2021, 63,831 shares on 24 November 2021,
54,295 shares on 25 November 2021, 22,844 shares on 26 November
2021, 7,030 shares on 29 November 2021, 8,000 shares on 30 November
2021, 4,000 shares on 01 December 2021, 93,271 shares on 02
December 2021, and 37,978 shares on 03 December 2021 and are no
longer in a position to accept or procure the acceptance of the
Offer, in relation to those shares.
Our intention in respect of 6,931,579 shares, being the
remainder, remains as described in the Letter of Intent.
Joseph Tropeano
Tel: 732-310-1825
e-mail: jtropeano@springowl.com