Playtech, Aristocrat shareholder meetings delayed amid JKO Play Interest
The update notes that Playtech’s shareholder meetings have been delayed from January 12 to February 2.
As the acquisition of Playtech by Aristocrat continues to develop, the Australian supplier has offered an update on the situation amid interest from JKO Play Limited.
Indeed, in a recent statement Aristocrat confirmed that the meetings between shareholders in relation to the takeover have been delayed from January 12, 2022 to February 2.
This delay is due to interest in Playtech by JKO Play Limited, a consortium run by Eddie Jordan, a former Jordan Grand Prix Formula One boss and Keith O’Loughlin, former SG Digital executive.
Specifically, the statement reads: “The UK Takeover Panel has confirmed that the latest date by which time JKO Play Limited (JKO) must clarify its position has been moved to 5.00pm on 26 January 2022 (UK time). By this time, JKO must either announce a firm intention to make an offer for Playtech under Rule 2.7 of the UK Takeover Code, or announce that it does not intend to make an offer for Playtech.”
While this takeover saga has been a long one, Aristocrat is reportedly the only suitor to offer a firm bid for the gaming company, making the group eager to see an agreement completed.
“Aristocrat is pleased to note the recent recommendations to Playtech shareholders from proxy advisers to vote in favour of all the resolutions to implement the recommended acquisition. Aristocrat further confirms that the regulatory approvals process remains well on track, and it is committed to completing the acquisition as quickly as possible,” concluded Aristocrat’s statement.
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