Playtech shareholders approve Finalto sale
Playtech and Aristocrat announced the terms of a recommended cash acquisition of Playtech for 680 pence for each Playtech share.
Aristocrat welcomes the announcement by Playtech that the resolution to approve the disposal of its financial trading division, Finalto, to Gopher Investments has been passed by Playtech shareholders. This satisfies Condition 3(s)(i) of Aristocrat’s offer, as set out in Part 4 of the scheme document.
Aristocrat and Playtech are continuing to work together to complete the recommended acquisition. The process of submitting filings and seeking all required anti-trust, foreign investment, financial regulatory and gaming approvals is on track and is progressing well. Aristocrat remains focussed on advancing this and delivering transaction certainty to Playtech shareholders as soon as possible. Aristocrat continues to expect to complete the recommended acquisition as planned in the second quarter of calendar year 2022.
Aristocrat CEO and Managing Director, Mr Trevor Croker, said: “The approval given by Playtech shareholders to dispose of Finalto meets a condition of Aristocrat’s recommended offer and is a further step forward in the completion process.”
“Aristocrat’s offer for Playtech has been recommended by the Playtech Board, and is the only offer on the table for shareholders. We believe that Aristocrat’s offer provides an attractive value and enhanced regulatory and financial certainty for Playtech shareholders, while the combined group will also provide greater opportunities for Playtech employees in a leading global organisation.”