Gopher Investments Makes Improved Offer for Finalto
Summary
The break fee is subject to the Board agreeing to change its current recommendation in order to support Gopher’s offer, as announced on 2 July 2021 (“Gopher’s Offer”), and would be payable if either: • Gopher does not enter into a sale and purchase agreement with Playtech for the acquisition of Finalto (and on terms, other than price, that are materially equivalent to those entered into with the consortium led by Barinboim Group (the “Consortium”)) within 3 weeks of being given full due diligence access by Playtech; or • having entered into such an agreement, the transaction fails to complete due to a regulatory condition not being satisfied (other than due to the fault of Playtech). Should the General Meeting scheduled for 15 July 2021 proceed, Gopher urges shareholders to VOTE AGAINST the Consortium’s offer, in line with the recommendations of the leading proxy advisory firms ISS, Glass Lewis and PIRC. Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (“TTB”). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders and professionals have over 30 years’ experience in the financial services industry investing and advising on over $250 billion of transactions in the US, Europe, and Asia. To the fullest extent permitted by law, Gopher and TTB disclaim all and any responsibility or liability for the violation of such restrictions by such person.
Classifications
AskAI Classifications
LabelsLinked Companies
