Business
Offer Closed & Compulsory Acquisition of Shares
Offer Closed & Compulsory Acquisition of Shares.
About this update from Frasers Group Plc
[{"type":"text","content":"\n \nRNS Number : 2729H Sports Direct International Plc 30 July 2019 \n\nSports Direct International plc\n30 July 2019\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION\nSPORTS DIRECT INTERNATIONAL PLC\nFINAL MANDATORY CASH OFFER\nfor\nGAME DIGITAL PLC\noffer closed and compulsory acquisition of game shares \nOn 5 June 2019, Sports Direct International plc (\"Sports Direct\") announced, pursuant to Rule 2.7 of the Takeover Code, that it had unconditionally agreed to acquire 14,869,666 ordinary shares of 1 pence each in the capital of GAME Digital plc (\"GAME\") and, as a result, was required under Rule 9 of the Takeover Code to make a mandatory cash offer to acquire the entire issued and to be issued ordinary share capital of GAME other than the shares already held by Sports Direct (or any persons acting in concert with it) (the \"Offer\"). The full terms and condition of the Offer, together with the procedures for acceptance of the Offer, were set out in the offer document issued by Sports Direct on 20 June 2019 (the \"Offer Document\") and, in respect of certificated GAME Shares, the accompanying Form of Acceptance.\nOn 9 July 2019, Sports Direct announced that the Offer had been declared unconditional in all respects and that it would remain open for acceptance until 1:00pm (London time) on 30 July 2019.\nOn 15 July 2019, Sports Direct announced that it had requested GAME to de-list the GAME Shares. It is anticipated that the de-listing will occur on or shortly after 8.00 a.m. on 12 August 2019.\nCapitalised terms used in this announcement, unless otherwise defined, have the same meanings as set out in the Offer Document.\nNo extension to the Offer\nThe Offer was open for acceptance until 1:00pm (London time) on 30 July 2019. The Offer has now closed and is no longer capable of being accepted.\nLevel of acceptances and holding of GAME Shares\nAs at 1:00pm (London time) on 30 July 2019, Sports Direct had received valid acceptances of the Offer in respect of a total of 103,299,986 GAME Shares, representing approximately 58.47 per cent. of GAME's existing issued share capital, which may count towards the satisfaction of the acceptance condition ...