PACE HOLDINGS CORP.
(Exact Name of Registrant as specified in its charter)
|
|
|
|
|
Cayman Islands
|
|
001-37551
|
|
98-1247187
|
(State or Other Jurisdiction
of Incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
|
|
301 Commerce Street, Suite 3300
Fort Worth, TX
|
|
76102
|
(Address of principal executive offices)
|
|
(Zip Code)
|
Registrants telephone number, including area code: (212) 405-8458
Not Applicable
(Registrants name or former address, if change since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
☒
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
On December 20, 2016, Pace Holdings Corp., a Cayman Islands exempted
company (
Pace
), and Playa Hotels & Resorts B.V., a Dutch private limited liability corporation (
Playa
), issued a joint press release announcing the addition of Tom Klein to the board of directors of
Playa effective upon the consummation of the previously announced business combination between Pace and Playa. The press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Additional Information and Where to Find It
Pace has caused Porto Holdco B.V. (Holdco) to file with the Securities and Exchange Commission (SEC) a registration
statement on Form S-4 (the Registration Statement), which includes a preliminary prospectus with respect to Holdcos securities to be issued in connection with the proposed business combination between Pace and Playa (the
Business Combination) and a preliminary proxy statement of Pace in connection with the Business Combination. Pace plans to mail to its shareholders the definitive proxy statement/prospectus with respect to Holdcos securities
to be issued in connection with the Business Combination. SECURITY HOLDERS ARE URGED AND ADVISED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS CAREFULLY WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT PACE,
PLAYA, HOLDCO, THE BUSINESS COMBINATION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Registration Statement, and the definitive proxy statement/prospectus (when they become available) and other relevant
materials and any other documents filed by Pace, Holdco or Playa with the SEC free of charge at the SECs web site at www.sec.gov. In addition, shareholders will be able to obtain free copies of the Registration Statement by directing a request
to: Pace Holdings Corp., 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102, email: Pace@tpg.com, Attn: Mr. Clive D. Bode.
Participants in the Solicitation
Pace,
Playa, Holdco and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Paces shareholders in connection with the Business Combination. Information about Paces directors
and executive officers is set forth in Paces Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which was filed with the SEC on January 26, 2016. These documents are available free of charge at the
SECs web site at
www.sec.gov
, or by directing a request to: Pace Holdings Corp., 301 Commerce Street, Suite 3300, Fort Worth, Texas 76102, email: Pace@tpg.com, Attn: Mr. Clive D. Bode. Additional information regarding the
interests of participants in the solicitation of proxies in connection with the Business Combination is included in the Registration Statement and will be contained in the definitive proxy statement/prospectus and other relevant materials to be
filed with the SEC when they become available.
Forward Looking Statements
This Current Report includes forward looking statements within the meaning of the safe harbor provisions of the United
States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as forecast, intend, seek, target, anticipate,
believe, expect, estimate, plan, outlook, and project and other similar expressions that predict or indicate future events or trends or that are not statements of historical
matters. Such forward looking statements include projected financial information. Such forward looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Pace, Playa or the
combined company after completion of any Business Combination are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such
forward looking statements. These factors include, but are not limited to: (1) the inability to complete the transactions contemplated by the Business Combination; (2) the inability to recognize the anticipated benefits of the Business
Combination, which may be affected by, among other things, competition, and the ability of the combined business to grow and manage growth profitably; (3) the ability to meet NASDAQs listing standards following the consummation of the
transactions contemplated by the Business Combination; (4) costs related to the Business Combination; (5) changes in applicable laws or regulations; (6) the possibility that Playa or Pace may be adversely affected by other economic,
business,
and/or competitive factors; and (7) other risks and uncertainties indicated from time to time in the definitive proxy statement/prospectus of Pace, including those under Risk
Factors therein, and other documents filed or to be filed with the SEC by Pace. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Pace and Playa undertake no commitment to
update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe
for or buy any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable
law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable regulations in the Netherlands and Cayman Islands.
Item 9.01
|
Financial Statements and Exhibits.
|
|
|
|
Exhibit
No.
|
|
Exhibit
|
|
|
99.1
|
|
Joint Press Release issued by Pace and Playa on December 20, 2016.
|
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
Pace Holdings Corp.
|
|
|
By:
|
|
/s/ Karl Peterson
|
Name:
|
|
Karl Peterson
|
Title:
|
|
President and Chief Executive Officer
|
Date: December 20, 2016
EXHIBIT INDEX
|
|
|
Exhibit
No.
|
|
Exhibit
|
|
|
99.1
|
|
Joint Press Release issued by Pace and Playa on December 20, 2016.
|
Pace Holdings Corp. - Class A Ordinary Shares (MM) (NASDAQ:PACE)
Historical Stock Chart
From Dec 2024 to Jan 2025
Pace Holdings Corp. - Class A Ordinary Shares (MM) (NASDAQ:PACE)
Historical Stock Chart
From Jan 2024 to Jan 2025