Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Statement re Playtech plc

18th Nov 2021 07:01

RNS Number : 7537S
FTB Limited
18 November 2021
 

FTB Limited

 

 

Statement re. Playtech plc

 

The Eddie Jordan Family office and Keith O'Loughlin note this morning's announcement by Playtech plc and confirms that a consortium led by them, called JKO Play, is evaluating making a competing offer for the issued and to be issued share capital of Playtech plc, (the "Possible Competing Offer").

 

JKO Play emphasises that this announcement does not amount to a firm offer under Rule 2.7 of the Code and there can be no certainty that any Possible Competing Offer will be made, nor as to the terms on which it might be made.

 

A further announcement will be made as and when appropriate.

 

 

- Ends -

 

JKO Play

Keith O'Loughlin

c/o Montfort Communications

www.jkoplay.com

 

 

Global Leisure Partners - Financial Adviser

Simon Dunn

Mark Harms

 

020 7016 8050

Investec Bank plc - Corporate Broker

Bruce Garrow

Chris Treneman

Ben Farrow

 

020 7597 4000

Montfort Communications

Nick Miles

Olly Scott

 

077 3970 1634

078 1234 5205

 

 

 

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company must make an Opening Position Disclosure following the commencement of the offer period. An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of the offeree company. An Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be made by no later than 3.30 pm (London time) on the 10th business day following the commencement of the offer period and, if appropriate, by no later than 3.30 pm (London time) on the 10th business day following the announcement of the possible offer. Relevant persons who deal in the relevant securities of the offeree company prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

 

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1% or more of any class of relevant securities of the offeree company must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of the offeree company, save to the extent that these details have previously been disclosed under Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no later than 3.30 pm (London time) on the business day following the date of the relevant dealing.

 

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company, they will be deemed to be a single person for the purpose of Rule 8.3. Opening Position Disclosures must also be made by the offeree company and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

 

Details of the offeree in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Takeover Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be published on the Company's website at www.jkoplay.com.

 

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be

accepted.

 

Global Leisure Partners LLP ("GLP") which is authorised and regulated in the UK by the Financial Conduct Authority, is acting for JKO Play and no one else in connection with the Possible Competing Offer and will not be responsible to anyone other than JKO Play for providing the protections afforded to clients of GLP nor for giving advice in relation to ​the Possible Competing Offer.

 

Investec Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, is acting for JKO Play and no one else in connection with the Possible Competing Offer and will not be responsible to anyone other than JKO Play for providing the protections afforded to clients of Investec Bank plc nor for giving advice in relation to the Possible Competing Offer.

 

Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRDDBDBLGBDGBR

Related Shares:

Playtech
FTSE 100 Latest
Value8,284.74
Change9.08