Last checked at 29 May 2018 12:54
Playtech PLC
("Playtech" or the "Group")
Results of the General Meeting
29 May 2018
Further to the announcement dated 12 April 2018 and the publication of the shareholder circular on 11 May 2018 (the "Circular") regarding Playtech's agreement with certain shareholders of Snaitech S.p.A ("Snaitech") to acquire approximately 70.6 per cent of the issued share capital of Snaitech (the "Initial Acquisition"), Playtech is pleased to announce that the resolution set out in the Notice of General Meeting included in the Circular was duly passed, on a poll vote, by Playtech's shareholders.
The conditions of the Initial Acquisition have now been satisfied and completion of the Initial Acquisition is expected to take place on or around 5 June 2018.
Subject to completion of the Initial Acquisition, Playtech will make a mandatory takeover offer for the remaining shares in Snaitech not held by the Group (the "Mandatory Takeover Offer" and together with the Initial Acquisition, the "Transaction") with the overall Transaction expected to complete later this year.
For information, the votes cast on the resolution were as follows:
Resolution | For | % Votes cast | Against | % Votes cast | Total Votes Cast (excl. Votes Withheld) | Vote Withheld |
To acquire approximately 70.6% of the issued capital of Snaitech | 216,422,485 | 100% | 6 | 0% | 216,422,491 | 448 |
On 29 May 2018, the issued share capital of the Company was 317,344,603 ordinary shares of no par value.
- ENDS -
For further information please contact:
Playtech plc
James Newman, Head of Investor Relations & Corporate Communications
| +44 (0) 16 2464 5954 |
| |
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse | +44 (0) 20 3805 4822 |
|
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.
Playtech is the gambling industry's leading software and services supplier to many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.
It is the pioneer of omni-channel gambling which, through Playtech ONE, offers operators and their customers a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution. Playtech's Financials Division, named TradeTech Group, operates both on a B2C and B2B basis.
Playtech has in total c.5,000 employees across 17 countries.