TIDMPTEC
RNS Number : 3797F
Playtech PLC
15 July 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION; IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
15 July 2021
Adjournment of Finalto General Meeting and proposed publication
of supplementary circular
Playtech announced on 9 July 2021 that, having consulted with a
large proportion of its major shareholders, it intended to adjourn
the General Meeting which had been convened for the purposes of
approving the proposed sale of Finalto to the Consortium.
Consequently, at the General Meeting today, the proposal by the
Chairman of the Board to adjourn the General Meeting to a date to
be notified by the Company to its shareholders in due course was
duly passed.
Playtech has previously proposed that today's General Meeting
would be adjourned to 10.00 a.m. on 29 July 2021. However, the
Company will publish a supplementary circular to the one sent to
shareholders on 24 June 2021, which will update shareholders on the
Finalto sale process, including the indicative non-binding
conditional offer made by Gopher Investments as announced on 2 July
2021. The Company is currently in the process of finalising such
supplementary circular, which is also required to be approved by
the Financial Conduct Authority and be published at least seven
days prior to the associated general meeting.
In light of that, the date and time for holding the adjourned
meeting will be finalised and communicated to shareholders as soon
as practicable and alongside such supplementary circular being
published.
Enquiries:
Playtech plc +44 (0) 1624 645 954
Chris McGinnis, Director of Investor Relations & Strategic
Analysis
James Newman, Director of Corporate Affairs
UBS Investment Bank (Financial Adviser and Joint Sponsor to
Playtech) +44 (0) 20 7567 8000
Rahul Luthra / Sandip Dhillon / Ben Crystal
Goodbody Stockbrokers (Corporate Broker and Joint Sponsor to
Playtech) +353 1 667 0400
Piers Coombs / Charlotte Craigie / Stephen Kane
Headland (PR adviser to Playtech)
+44 (0) 20 3805 4822
Lucy Legh / Stephen Malthouse / Jack Gault
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 with c.6,400 employees across 24
countries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. Playtech directly
owns and operates Snaitech, the leading sports betting and gaming
company in online and retail in Italy.
About Finalto
Finalto is a specialist in B2C and B2B multi-channel trading
software and services. The Finalto Business' B2C offering,
operating the brand Markets.com, is an established online contracts
for difference ("CFDs") broker where customers can trade shares,
indices, currency and commodity CFDs rapidly and securely on its
trading platforms.
The Finalto Business' B2B offering consists of:
a) clearing and execution services for other retail brokers and
professional clients, through Finalto Financial Services Limited
(formerly CFH Clearing Limited), where the Finalto Business acts as
a matched-principal liquidity provider and straight through
processes the trades to prime brokers and clearing houses;
b) clearing and execution for other retail brokers, where the
Finalto Business acts as the execution venue and market-maker;
and
c) technology and risk management services, where the Finalto
Business provides platform, client relationship management,
reporting and risk-management technology to the retail broker
market.
Additional information
UBS AG London Branch is authorised and regulated by the
Financial Market Supervisory Authority in Switzerland. It is
authorised by the Prudential Regulation Authority and subject to
regulation by the Financial Conduct Authority and limited
regulation by the Prudential Regulation Authority in the United
Kingdom. UBS AG London Branch is acting exclusively as financial
adviser to Playtech plc and no one else in connection with the
process. In connection with such matters, UBS AG London Branch will
not regard any other person as its client, nor will it be
responsible to any other person for providing the protections
afforded to its clients or for providing advice in relation to the
process, the contents of this announcement or any other matter
referred to herein.
Goodbody is authorised and regulated by the Central Bank of
Ireland, and is also subject to regulation by the Financial Conduct
Authority. Goodbody is acting exclusively for Playtech and for no
one else in connection with the process and will not regard any
other person (whether or not a recipient of this announcement) as a
client in relation to the process or any other matter referred to
in this announcement and will not be responsible to anyone other
than Playtech for providing the protections afforded to its clients
or for giving advice in relation to the process or any other matter
referred to in this announcement.
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