Takeover Panel Statement re Playtech Plc (8352U)
07 Diciembre 2021 - 4:41AM
UK Regulatory
TIDMPTEC
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
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END
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