Publication of Circular and Notice of GM

RNS Number : 0464D

Playtech PLC

24 June 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 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.

FOR IMMEDIATE RELEASE

24 June 2021

Publication of Circular and Notice of General Meeting

Further to the announcement made on 26 May 2021 in relation to the proposed all-cash sale of its financial trading division ("Finalto") to a consortium led by Barinboim Group and backed by Leumi Partners Limited and Menora Mivtachim Insurance Limited, together with key members of Finalto's management team (the "Transaction") , Playtech plc ("Playtech" or "the Company") has today posted a circular to shareholders (the "Circular") together with a form of proxy.

The Transaction is conditional, inter alia, on certain regulatory approvals and the approval of Playtech's shareholders. Accordingly, the Circular contains a notice convening a General Meeting of the Company which is to be held at 10 a.m. on 15 July 2021 (the "General Meeting") at which an ordinary resolution (the "Resolution") will be proposed for Playtech's shareholders to approve the Transaction (the "Notice of General Meeting").

The Board considers the Transaction (and the Resolution necessary to implement the Transaction) to be in the best interests of Playtech and its shareholders as a whole. Accordingly, the Board unanimously recommends that shareholders vote in favour of the Resolution to be proposed at the General Meeting.

In order to meet current government restrictions in place with respect to COVID-19, shareholders are not able to attend the General Meeting in person. As such, members are strongly encouraged to appoint the Chairman of the General Meeting to act as their proxy as any other named person will not be permitted to attend the meeting. Further information on how to vote by proxy can be found in the Notice of General Meeting.

The Circular and the Notice of General Meeting have been submitted to the Financial Conduct Authority's National Storage Mechanism (the "NSM") and are available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The Circular and the Notice of General Meeting will also be available for viewing on Playtech's website at http://playtech-ir.production.investis.com/ .

Enquiries:

Playtech plc                                                                                                                             [phone]

Chris McGinnis, Director of Investor Relations & Strategic Analysis

James Newman, Director of Corporate Affairs

UBS Investment Bank (Financial Adviser and Joint Sponsor to Playtech)  [phone]

Ian Hart / Ben Crystal / Sandip Dhillon

Goodbody Stockbrokers (Corporate Broker and Joint Sponsor to Playtech) [phone]

Piers Coombs / Charlotte Craigie / Stephen Kane

Headland (PR adviser to Playtech)                                                                                         [phone]

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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