Business
Results of Placing
Results of Placing.
About this update from Entain Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE SECTION OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n14 June 2023\n \nEntain plc\n \nResults of Placing\n \nEntain plc (LSE:ENT), the global sports-betting, gaming and interactive entertainment group (\"Entain\", the \"Company\", and, together with its subsidiaries, the \"Group\"), is pleased to announce the successful completion of the non-pre-emptive placing of new ordinary shares in the capital of the Company announced on 13 June 2023 (the \"Placing\").\n \nA total of 48,294,478 new ordinary shares of €0.01 each in the capital of the Company (the \"Placing Shares\") have been placed by Merrill Lynch International (\"BofA Securities\") and Morgan Stanley & Co. International plc (\"Morgan Stanley\") who are acting as joint global co-ordinators (together, the \"Joint Global Coordinators\") and bookrunners (together, the \"Bookrunners\") at a price of £12.30 per Placing Share (the \"Placing Price\"). Banco Santander, S.A. (\"Santander\", and, together with the Bookrunners, the \"Banks\") is also acting as a co-manager in connection with the Placing.\n \nConcurrently with the Placing, retail investors have subscribed in the offer made by the Company via the PrimaryBid platform for a total of 486,010 new ordinary shares in the capital of the Company (the \"Retail Offer Shares\") at the Placing Price (the \"Retail Offer\").\n \nThe Placing and the Retail Offer together raised gross proceeds of approximately £600 million.\n \nThe net proceeds of the Placing and Retail Offer will be used to partly fund the acquisition of STS Holding S.A. (\"STS\") and the remainder will be used to fund further near-term acquisitions.\n \nThe Placing Price of £12.30 represents a discount of approximately 6.9 per cent to the closing share price of £13.22 on 13 June 2023. The Placing Shares and the Retai...