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Partial Withdrawal Letter of Intent - Playtech plc

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RNS Number : 9255T
Setanta Asset Management Limited
29 November 2021
 

 

 

         Beresford Court
         Beresford Place
         Dublin 1

 

Telephone: +353 1 612 4900 Web: www.setanta-asset.com

 

29th November 2021

 

To whom it may concern,

 

Partial Withdrawal of Letter of Intent:  Acquisition of Playtech plc (the "Company") and disposal by the Company of Finalto

On 17th October 2021, Setanta Asset Management Limited provided a Letter of Intent regarding our intentions in relation to 26,670,517 shares.

On 09th November 2021 we advised of our disposal of 156 shares. On 24th November 2021 we advised of a further disposal of 1,000,000 shares. On 26th November 2021 we advised of a further disposal of 1,531,148 shares. 

In accordance with The City Code on Takeovers and Mergers, Rule 2.10 (c ) (i), we wish to further advise we have disposed of 4,029,804 shares and are no longer in a position to accept or procure the acceptance of the Offer in relation to those shares. 

Our intention in respect of 20,109,409 shares, being the remainder, remains as described in our Letter of Intent.

 

Yours faithfully,

 

 

For and on behalf of Setanta Asset Management Limited

Donal Woodcock

Head of Compliance and Business Risk

 

 

 

 

 

Setanta Asset Management Limited is regulated by the Central Bank of Ireland. Registered Office: Beresford Court, Beresford Place, Dublin 1, Ireland. Registered in Ireland Number 297730

Directors: Raman Srivastava (Chairman, Canadian); Kieran Dempsey (Managing); Ruairí O'Flynn; Patrick Burke; Rose McHugh

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