Flutter Entertainment PLC Response to CMA clearance (1842I)
31 March 2020 - 6:15PM
UK Regulatory
TIDMFLTR
RNS Number : 1842I
Flutter Entertainment PLC
31 March 2020
31 March 2020
FOR IMMEDIATE RELEASE
UK Competition and Markets Authority announcement re:
Flutter proposed Combination with The Stars Group Inc.
Flutter Entertainment PLC ("Flutter") notes today's announcement
from the UK Competition and Markets Authority ("CMA") that it has
given unconditional phase one clearance to its proposed combination
with The Stars Group Inc.
The proposed transaction remains subject to approval by Flutter
shareholders at its extraordinary general meeting on 21 April 2020
and by The Stars Group shareholders on 24 April 2020. It also
remains conditional on approval from a small number of other
regulatory bodies, some of whom have indicated that their usual
timeframes may be delayed by the current COVID-19 crisis.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation EU 596/2016.
Welcoming today's announcement, Peter Jackson, Chief Executive,
said:
"This morning's announcement from the CMA marks a further
important milestone in the process towards completion of our
proposed combination with The Stars Group. We continue to work with
the remaining international regulatory authorities to obtain the
last of the outstanding approvals. Separately last week we
published the necessary documentation ahead of the shareholder
votes in April and we continue to make good progress in our
post-completion planning."
Investor relations
David Jennings, Corporate Finance & Investor Relations + 353 87 951 3560
Ciara O'Mullane, Investor Relations + 353 87 947 7862
Liam Kealy, Investor Relations + 353 87 665 2014
Media
Fi Thorne, Corporate Affairs + 44 20 8834 6018
James Murgatroyd, Finsbury + 44 20 7251 3801
Billy Murphy, Drury / Porter Novelli + 353 1 260 5000
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END
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