Last checked at 31 Mar 2020 08:15
31 March 2020
FOR IMMEDIATE RELEASE
UK Competition and Markets Authority announcement re:
Flutter proposed Combination with The Stars Group Inc.
Flutter Entertainment PLC ("Flutter") notes today's announcement from the UK Competition and Markets Authority ("CMA") that it has given unconditional phase one clearance to its proposed combination with The Stars Group Inc.
The proposed transaction remains subject to approval by Flutter shareholders at its extraordinary general meeting on 21 April 2020 and by The Stars Group shareholders on 24 April 2020. It also remains conditional on approval from a small number of other regulatory bodies, some of whom have indicated that their usual timeframes may be delayed by the current COVID-19 crisis.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2016.
Welcoming today's announcement, Peter Jackson, Chief Executive, said:
"This morning's announcement from the CMA marks a further important milestone in the process towards completion of our proposed combination with The Stars Group. We continue to work with the remaining international regulatory authorities to obtain the last of the outstanding approvals. Separately last week we published the necessary documentation ahead of the shareholder votes in April and we continue to make good progress in our post-completion planning."
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