Partial withdrawal of Letter of Intent

RNS Number : 4481Q

Schroders PLC

27 October 2021

 

Letter of Intent: Acquisition of Playtech plc and disposal by the Company of Finalto

On 17^th October 2021, Schroder Investment Management Limited provided a Letter of Intent regarding our intentions in relation to 10,792,688 shares.

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that, subject to clause 2.6 of the letter of intent, we  have disposed of a further 1,358,632 shares, and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares.

Our intention in respect of 7,440,498 shares, being the remainder, remains as described in the Letter of Intent.

Ibraheem Mir

Compliance Analyst

Schroders Group Compliance

T: [phone]

E: [e-mail]

 

END

 

 

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