7th Dec 2021 10:41
2021/28
PLAYTECH PLC ("PLAYTECH")
ARISTOCRAT (UK) HOLDINGS LIMITED, A WHOLLY OWNED SUBSIDIARY OF ARISTOCRAT LEISURE LIMITED ("ARISTOCRAT")
JKO PLAY LIMITED ("JKO")
On 17 October 2021, the boards of Aristocrat and Playtech announced that they had reached agreement on the terms of a recommended firm offer for Playtech (the "Aristocrat Offer"), to be implemented by means of a scheme of arrangement.
On 12 November 2021, Playtech announced the publication of the scheme circular in relation to the Aristocrat Offer. That circular included notice of the shareholder meetings to approve the Aristocrat Offer, which are scheduled to be held on 12 January 2022.
On 17 November 2021, Playtech announced that it had received a preliminary approach from JKO with respect to a possible offer for Playtech.
Pursuant to Rule 2.6(d) and Section 4 of Appendix 7 of the Takeover Code, the Panel Executive has ruled that, unless the Executive consents otherwise, JKO must, by 5.00pm on 5 January 2022, being the seventh day prior to the date of the shareholder meetings, either announce a firm intention to make an offer for Playtech under Rule 2.7 of the Code or announce that it does not intend to make an offer for Playtech. This deadline will cease to apply if, before that time, a third party other than JKO has announced a firm intention to make an offer for Playtech under Rule 2.7.
Each of Playtech, Aristocrat and JKO has accepted this ruling.
7 December 2021
Related Shares:
Playtech