HERZLIYA, Israel, Oct. 10, 2022 /PRNewswire/ — Playtika Holding Corp. (NASDAQ: PLTK) (“Playtika“), a cell gaming leisure and expertise market chief with a portfolio of a number of recreation titles, immediately introduced the ultimate outcomes of its beforehand introduced tender supply to buy as much as 51,813,472 shares of Playtika’s issued and excellent widespread inventory, par worth $0.01 per share (every, a “Share,” and collectively, “Shares“) or such lesser quantity of Shares as are correctly tendered and never correctly withdrawn, at a value of $11.58 per Share (the “Tender Offer“), which expired one minute after 11:59 p.m., New York City time, on Monday, October 3, 2022.
Based on the ultimate depend by American Stock Transfer & Trust Company, LLC, the depositary for the Tender Offer (the “Depositary“), 73,905,922 Shares had been validly tendered and never correctly withdrawn.
In accordance with the phrases and circumstances of the Tender Offer, and based mostly on the ultimate depend by the Depositary, Playtika has accepted for buy 51,813,472 Shares, for an mixture value of $600 million, excluding charges and bills regarding the Tender Offer. The quantity of shares that Playtika has accepted for buy within the Tender Offer represents roughly 12.6% of the whole quantity of Shares excellent as of September 30, 2022. Playtika may have roughly 360,922,005 Shares excellent instantly following cost for the Shares bought within the Tender Offer.
Due to the oversubscription of the Tender Offer, based mostly on the ultimate depend described above, Playtika accepted for buy on a professional rata foundation roughly 70.1% of the Shares correctly tendered and never correctly withdrawn.
The Depositary will promptly pay for all of the Shares accepted for buy, and all Shares not accepted for buy shall be returned to stockholders, in every case, in accordance with the phrases and circumstances of the Tender Offer.
D.F. King & Co., Inc. is serving as the knowledge agent for the tender supply and American Stock Transfer & Trust Company, LLC is serving because the depositary. For all questions regarding the tender supply, please contact the knowledge agent, D.F. King & Co., Inc. at [email protected] or name toll-free at (877) 871-1741.
About Playtika
Playtika is a cell gaming leisure and expertise market chief with a portfolio of a number of recreation titles. Founded in 2010, Playtika was among the many first to supply free-to-play social video games on social networks and, shortly after, on cell platforms. Headquartered in Herzliya, Israel, and guided by a mission to entertain the world via infinite methods to play, Playtika has workers throughout places of work worldwide.
Additional Information Regarding the Tender Offer
This press launch is for informational functions solely. It just isn’t a advice to purchase or promote Shares or another securities of Playtika, and is neither a suggestion to buy nor a solicitation of a suggestion to promote Shares.
Playtika has filed with the United States Securities and Exchange Commission (the “SEC“) a young supply assertion on Schedule TO, together with a suggestion to buy, a associated letter of transmittal and associated supplies. The tender supply will solely be made pursuant to the supply to buy, the associated letter of transmittal and different associated supplies filed as half of the issuer tender supply assertion on Schedule TO, in every case as could also be amended or supplemented on occasion. Stockholders ought to learn fastidiously the supply to buy, the associated letter of transmittal and different associated supplies as a result of they include vital info, together with the assorted phrases of, and circumstances to, the tender supply.
Stockholders are in a position to receive a free copy of the tender supply assertion on Schedule TO, the supply to buy, the associated letter of transmittal and associated supplies on the SEC’s web site at www.sec.gov. In addition, free copies of these paperwork could also be obtained by contacting D.F. King & Co., Inc., the knowledge agent for the tender supply, toll-free at (877) 871-1741.
Forward-Looking Statements
This press launch contains “forward-looking statements” inside the that means of the U.S. Private Securities Litigation Reform Act of 1995, together with statements concerning the timing of the tender supply. Forward-looking statements will be recognized by the truth that they don’t relate strictly to historic or present info. Further, statements that embody phrases corresponding to “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “present,” “preserve,” “project,” “pursue,” “will,” or “would,” or the detrimental of these phrases or different phrases or expressions of comparable that means could determine forward-looking statements.
Important elements that might trigger precise outcomes to vary materially from estimates or projections contained within the forward-looking statements embody with out limitation:
- Playtika’s means to finish the tender supply, together with Playtika’s means to fulfill the circumstances to the tender supply and the quantity of Shares Playtika is ready to buy pursuant to the tender supply;
- Playtika’s means to attain the advantages contemplated by the tender supply;
- Any adversarial impression that the tender supply could have on Playtika and the buying and selling marketplace for Playtika’s widespread inventory;
- Playtika’s reliance on third-party platforms, such because the iOS App Store, Facebook, and Google Play Store, to distribute Playtika’s video games and gather revenues, and the danger that such platforms could adversely change their insurance policies;
- Playtika’s reliance on a restricted quantity of video games to generate the bulk of its income;
- Playtika’s reliance on a small share of complete customers to generate a majority of its income;
- Playtika’s free-to-play business mannequin, and the worth of digital gadgets offered in Playtika’s video games, is very depending on how Playtika manages the sport revenues and pricing fashions;
- Playtika’s incapacity to finish acquisitions and combine any acquired companies efficiently may restrict its progress or disrupt its plans and operations;
- Playtika could also be unable to efficiently develop new video games;
- Playtika’s means to compete in a extremely aggressive trade with low obstacles to entry;
- Playtika has vital indebtedness and is topic to the obligations and restrictive covenants beneath its debt devices;
- the impression of the COVID-19 pandemic on Playtika’s business and the economy as an entire;
- the impression of an financial recession or durations of elevated inflation, and any reductions to family spending on the kinds of discretionary leisure that Playtika presents;
- Playtika’s managed firm standing;
- modifications within the monetary state of affairs or liquidity necessities of, or regulatory guidelines or necessities relevant to, Playtika’s controlling stockholder group;
- the quantity of Shares that the Giant/Alpha Group will tender;
- authorized or regulatory restrictions or proceedings may adversely impression Playtika’s business and restrict the expansion of Playtika’s operations;
- dangers associated to Playtika’s worldwide operations and possession, together with Playtika’s vital operations in Israel, Ukraine and Belarus and the truth that Playtika’s controlling stockholder group features a Chinese-owned firm;
- Playtika’s reliance on key personnel;
- safety breaches or different disruptions may compromise Playtika’s info or its gamers’ info and expose Playtika to legal responsibility; and
- Playtika’s incapacity to guard its mental property and proprietary info may adversely impression Playtika’s business.
Additional elements that will trigger future occasions and precise outcomes, monetary or in any other case, to vary, doubtlessly materially, from these mentioned in or implied by the forward-looking statements embody the dangers and uncertainties mentioned in Playtika’s filings with the SEC. Although Playtika believes that the expectations mirrored within the forward-looking statements are affordable, Playtika can not assure that the long run outcomes, ranges of exercise, efficiency or occasions and circumstances mirrored within the forward-looking statements shall be achieved or happen, and reported outcomes shouldn’t be thought of as a sign of future efficiency. Given these dangers and uncertainties, readers are cautioned to not place undue reliance on such forward-looking statements.
Except as required by legislation, Playtika undertakes no obligation to replace any forward-looking statements for any motive to evolve these statements to precise outcomes or to modifications in Playtika’s expectations.
SOURCE Playtika
