Playtech confirms interest from JKO Play Limited

Playtech has addressed media speculation regarding another possible offer for the company, noting that it received a preliminary approach from JKO Play Limited on 5 November 2021

Playtech has addressed media conjecture regarding another possible tender for the company, noting that it received a prelude go up from JKO Play Limited on 5 November 2021.

JKO, a society controlled by Eddie Jordan River and Keith O’Loughlin, sought approach to sure due industriousness information, inward rules of order to explore terms on which an bid might live made. JKO is inward discussions with Centerbridge Partners L.P., among others, regarding the possibleness of providing institutional debt and structured capital funding.

In accordance with Rule 21.3 of the Code, and consistent with its fiducial duties, the Playtech plank has provided JKO with memory access to due industry information.

“Discussions with JKO are at an early microscope stage and ongoing,” said Playtech. “As such, in that respect can buoy live no more foregone conclusion that JKO’s come near will result inwards an offering for the Company, nor as to the terms on which any offering might live made.”

Playtech also noted the antecedently proclaimed plan of attack from Gopher Investments on 21 October 2021, and the arrangement reached with Aristocrat (UK) Holdings Limited on 17 October 2021.

“This promulgation has been made without the prior consent of JKO, Gopher, or Aristocrat,” added Playtech. “A further announcement will follow made as and when appropriate.”

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