Playtech PLC Further re Acquisition of Snaitech S.p.A (6468O)
21 May 2018 - 4:00PM
UK Regulatory
TIDMPTEC
RNS Number : 6468O
Playtech PLC
21 May 2018
Playtech PLC
("Playtech" or the "Group")
Update on the acquisition of Snaitech S.p.A -
Consent from Agenzia delle Dogane e dei Monopoli, the Italian
gaming regulatory authority
21 May 2018
Further to the announcement dated 12 April 2018 and the
publication of the shareholder circular on 11 May 2018 regarding
Playtech's agreement with certain shareholders of Snaitech S.p.A
("Snaitech") for the Group to acquire approximately 70.6 per cent
of the issued share capital of Snaitech (the "Initial Acquisition")
and, subject to completion of the Initial Acquisition, to
subsequently make a mandatory takeover offer for the remaining
shares in Snaitech not held by the Group (the "Mandatory Takeover
Offer" and together with the Initial Acquisition, the
"Transaction"), Playtech is pleased to announce that it has
received formal consent to the Transaction from Agenzia delle
Dogane e dei Monopoli, the Italian gaming regulatory authority.
The General Meeting for shareholders relating to the Transaction
will take place on 29 May 2018 and Playtech now expects completion
of the Initial Acquisition to occur in June 2018.
The overall Transaction is expected to complete later this
year.
For further information please contact:
Playtech plc
James Newman, Head of Investor
Relations & Corporate Communications +44 (0) 16 2464 5954
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse +44 (0) 20 3805 4822
- Ends -
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a market leader in the gambling
and financial trading industries.
Playtech is the gambling industry's leading software and
services supplier to many of the world's leading regulated online,
retail and mobile operators, land-based casino groups, government
sponsored entities such as lotteries and new entrants opening
operations in newly-regulated markets. Its business
intelligence-driven gambling software offering includes casino,
live casino, bingo, poker and sports betting.
It is the pioneer of omni-channel gambling which, through
Playtech ONE, offers operators and their customers a seamless,
anytime, anywhere experience across any product, any channel
(online, mobile, retail) and any device using a single account and
single wallet. It provides marketing expertise, sophisticated CRM
solutions and other services for operators seeking a full turnkey
solution. Playtech's Financials Division, named TradeTech Group,
operates both on a B2C and B2B basis.
Playtech has in total c.5,000 employees across 17 countries.
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END
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