Business
Publication of Scheme Document
Publication of Scheme Document.
About this update from Playtech Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1764S\n Playtech PLC\n 12 November 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.\n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n 12 November 2021\n \n \n \n \n \n RECOMMENDED CASH ACQUISITION\n \n \n \n \n \n of\n \n \n \n \n \n Playtech plc (\"Playtech\")\n \n \n \n \n \n by\n \n \n \n \n \n Aristocrat (UK) Holdings Limited (\"Bidco\")\n \n \n \n \n \n a wholly owned subsidiary of\n \n \n \n \n \n Aristocrat Leisure Limited (\"Aristocrat\")\n \n \n \n \n \n Publication of the Scheme Document\n \n \n \n \n \n On 17 October 2021, the boards of Playtech, Bidco and Aristocrat announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Bidco shall acquire the entire issued and to be issued share capital of Playtech for 680 pence per share in cash (the \"Acquisition\"), to be effected by means of a Court-sanctioned scheme of arrangement under Part X of the Isle of Man Companies Act 2006 (the \"Scheme\").\n \n \n \n \n \n Publication of the Scheme Document\n \n \n \n \n \n Playtech is pleased to announce that a circular in relation to the Scheme (the \"Scheme Document\"), setting out, among other things, a letter from the Chairman of Playtech, the full terms and conditions of the Scheme, a statutory explanatory statement, an expected timetable of principal events, notices convening the Court Meeting and General Meeting and details of the action to be taken by Playtech Shareholders will be made available on Playtech's website at \n \n \n https://www.playtech.com/\n \n \n \n and on Aristocrat's website at \n \n \n https://power-of-play.com/\n \n \n \n (subject to certain restrictions relating to persons resident in Restricted Jurisdictions), respectively, by no later than 12 noon (London time) on the Business Day following the date of this Announcement for the period up to and including the Effective Date (or the date on which the Scheme lapses).\n \n \n \n \n \n Capitalised terms used in this announcement (the \"Announcement\") shall, unless otherwise defined, have the same meanings as...