Gamesys Group PLC Redemption and Delisting of ITX Shares (6533Z)
14 Gennaio 2020 - 9:00AM
UK Regulatory
TIDMGYS
RNS Number : 6533Z
Gamesys Group PLC
14 January 2020
GAMESYS GROUP PLC
Announces completion of redemption and voluntary delisting of
exchangeable shares
of The Intertain Group Limited
LONDON (UK), 14 January 2020 - Gamesys Group plc (LSE: GYS)
("Gamesys"), a leading global online bingo-led operator, is pleased
to announce that the previously announced redemption and voluntary
delisting of the Class C non-voting exchangeable shares
("Exchangeable Shares") of The Intertain Group Limited, an indirect
subsidiary of Gamesys, was completed effective at close of trading
in Toronto on 13 January 2020.
The transaction was effected by way of an exercise by Intertain
CallCo ULC (also an indirect subsidiary of Gamesys) of its
overriding call right over the Exchangeable Shares not already held
by it. Each former Exchangeable Shareholder will receive one
ordinary share of Gamesys currently held by Intertain JerseyCo Ltd
for each Exchangeable Share held by them following deposit by such
holder of the required exchange materials with the depositary. In
the case of former Exchangeable Shareholders located in the United
States, the depositary will cause the relevant ordinary shares to
be sold and the net cash proceeds will be provided to such holder.
There will be no change in the issued share capital of Gamesys as a
result of the transaction.
Neil Goulden, Executive Chairman of Gamesys said: "Today's
redemption and delisting of the Exchangeable Shares marks an
important milestone in the Gamesys transformation, simplifying its
corporate and capital structures in-line with those of other
leading UK-based issuers in the Premium Listing segment."
About Gamesys Group plc
Gamesys Group plc is the parent company of an online gaming
group that provides entertainment to a global consumer base.
Through its subsidiaries, Gamesys Group plc currently offers bingo
and casino games to its customers using brands which include
Jackpotjoy (www.jackpotjoy.com), Virgin Games
(www.virgingames.com), Botemania (www.botemania.es), Vera&John
(www.verajohn.com), Heart Bingo (www.heartbingo.co.uk) and Monopoly
Casino (www.monopolycasino.com). For more information about Gamesys
Group plc, please visit www.gamesysgroup.com.
Enquiries
Gamesys Group plc
Jason Holden
Director of Investor Relations
+44 (0) 207 478 8150
jason.holden@gamesysgroup.com
Amanda Brewer
Vice President, Corporate Communications
+1 416 720-8150
amanda.brewer@gamesysgroup.com
Finsbury
James Leviton
Andy Parnis
+44 (0) 207 251 3801
gamesysgroup-LON@finsbury.com
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END
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