Playtech PLC Response to Gopher press release of 3 August 2021 (6173H)
05 August 2021 - 2:34AM
UK Regulatory
TIDMPTEC
RNS Number : 6173H
Playtech PLC
04 August 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 OR REGULATIONS OF THAT
JURISDICTION.
THE COMPANY HAS PUBLISHED A CIRCULAR AND SUPPLEMENTARY CIRCULAR
IN CONNECTION WITH THE TRANSACTION. ANY VOTING DECISIONS BY
SHAREHOLDERS IN CONNECTION WITH THE TRANSACTION SHOULD BE MADE ON
THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR AND
SUPPLEMENTARY CIRCULAR.
[3 August 2021]
Response to Gopher press release of 3 August 2021
As previously announced and as set out in the Supplementary
Circular published by Playtech plc ("Playtech" or the "Company") on
2 August 2021, the Board's stated strategy remains to simplify
Playtech's business and to dispose of Finalto for the maximum
available proceeds.
Following receipt of the indicative proposal from Gopher
Investments ("Gopher") to acquire Finalto, Playtech has, with the
consent of the Consortium, raised some questions with Gopher to
assess its ultimate ownership and funding structure, source of
funds and ability to obtain the required regulatory clearances as
part of basic initial due diligence it requires in order to assess
Gopher's proposal.
Playtech does not recognise Gopher's characterisation of the
chain of events to which it refers in its press release of 3 August
2021. If Gopher is willing to provide the requested information,
Playtech would welcome Gopher doing so.
As previously stated, t he proposal received from Gopher is
uncertain in terms of its deliverability, principally because it
remains not binding in nature and subject to a number of
conditions. Accordingly, the Board is currently not in a position
to change its recommendation to Shareholders in respect of the
Disposal and the Resolution as set out in the Original
Circular.
Playtech also notes Gopher's statement in its press release of 3
August 2021 that "...Gopher understands that Playtech may have
received interest in Finalto from other potential acquiring parties
since the date of adjournment". Playtech confirms it is not aware
of having received any such interest.
-Ends-
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.
Important Notice
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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END
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