Partial Withdrawal of Letter of Intent: Acquisition of Playtech plc (the "Company") and disposal by the Company of Finalto
On 15 October 2021, Boussard & Gavaudan Investment Management LLC and Boussard & Gavaudan Asset Management, LP provided a Letter of Intent regarding our intentions in relation to 8,346,630 ordinary shares of Playtech plc.
In accordance with The City Code on Takeovers and Mergers, Rule 2.10(c)(i), we wish to advise that:
we have disposed of 2,408,753 shares on 26 November 2021,
we have disposed of 17,216 shares on 7 December 2021,
we have disposed of 25,366 shares on 8 December 2021,
we have disposed of 9,417 shares on 9 December 2021,
we have disposed of 2,318 shares on 10 December 2021,
we have disposed of 136 shares on 13 December 2021,
we have disposed of 8,075 shares on 15 December 2021,
we have disposed of 16,678 shares on 20 December 2021,
we have disposed of 17,399 shares on 22 December 2021,
we have disposed of 13,220 shares on 07 January 2022,
we have disposed of 180,314 shares on 10 January 2022,
we have disposed of 213,549 shares on 11 January 2022,
we have disposed of 97,069 shares on 12 January 2022,
we have disposed of 45,807 shares on 13 January 2022,
we have disposed of 10,509 shares on 14 January 2022,
we have disposed of 197,704 shares on 17 January 2022,
we have disposed of 28,367 shares on 18 January 2022,
we have disposed of 16,787 shares on 26 January 2022,
and are no longer in a position to accept or procure the acceptance of the Offer in relation to the shares disposed of.
In accordance with The City Code on Takeovers and Mergers, Rule 2.10(c)(i), we wish to advise that:
we have acquired 3,541,844 shares on 04 January 2022,
we have acquired 120,378 shares on 05 January 2022,
we have acquired 175,251 shares on 21 January 2022,
we have acquired 34,466 shares on 24 January 2022,
Our intention in respect of 8,909,885 shares, being our current ownership of ordinary shares of Playtech plc as of 26 January 2022, remains as described in our Letter of Intent.
For and on behalf of Boussard & Gavaudan Investment Management LLC, and Boussard & Gavaudan Asset Management, LP Emmanuel Gavaudan
Attachment
Partial Withdrawal of Letter of Intent 27 Jan 2022
Playtech plc is a platform, content, and service provider in the online gambling industry. The Company is focused on delivering business intelligence-driven gambling software, services, content, and platform technology across product verticals, including casino, live casino, sports betting, virtual sports, bingo, and poker. It owns and operates sports betting and gaming brands in online and retail in Italy. The Company's segments include B2B and B2C. The B2B segment includes Casino, Services, Sport, Bingo, Poker and Other. The B2C segment includes Snaitech, Sun Bingo and Other B2C and HAPPYBET. Its cross-platform capability runs via a unified information management system (IMS), which provides operators with the tools to maximize cross-selling opportunities, player loyalty and yield. IMS unifies Playtech products across all channels, including retail, presenting operators with a single account overview, and allowing them to streamline and optimize marketing spend, maximize cross-sell.