London-listed gaming software provider Playtech and potential bidder JKO Play Limited have asked Britain’s Takeover Panel for more time for the latter to firmly declare its intentions on any takeover offer. Playtech told investors on Wednesday it was also postponing court and shareholder meetings relating to the offer by Australia-based Aristocrat Leisure Limited, previously scheduled for 12 January, to 2 February. In today's statement, Playtech said: 'Playtech and JKO Play have requested the Panel set a revised deadline, aligned to this new date for the shareholder meetings, by which JKO must clarify its intentions in relation to Playtech.' 'The Playtech Directors continue to recommend unanimously that Playtech Shareholders vote in favour of the Aristocrat Offer at the Court Meeting and in favour of the Playtech Resolutions to be proposed at the General Meeting.' Aristocrat’s offer is 680p per Playtech share, payable in cash.

Source: Daily Mail January 06, 2022 02:29 UTC