FDJ Brings Forward the Expiry of the Acceptance Period of Its Offer on Kindred to 2 October After Having Obtained All Necessary Regulatory Approvals
18 Setembro 2024 - 2:00AM
Business Wire
Regulatory News:
La Française des Jeux (FDJ) (Paris:FDJ) brings forward the
expiry of the acceptance period of its offer on Kindred to 2
October after having obtained all necessary regulatory
approvals.
On 22 January 2024, FDJ, announced a recommended public offer to
the holders of Swedish Depository Receipts (the “SDRs”) in Kindred
Group plc to tender all their SDRs in Kindred at a price of SEK 130
in cash per SDR (the “Offer”)1. An offer document relating to the
Offer was published on 19 February 2024 and supplements to the
offer document were made public 25 April 2024 and 25 July 2024.
FDJ announces that it has obtained final approval from the
French Competition Authority to complete the Offer.
The definitive clearance of the acquisition of Kindred by the
French Competition Authority was the last regulatory condition
required for the completion of the Offer. Thus, having obtained all
necessary regulatory clearances, approvals and decisions, FDJ has
decided to bring forward the expiry of the acceptance period of the
Offer to 17.00 CEST on 2 October 2024 (from the initial date of 19
November 2024).
Completion of the Offer remains subject to other conditions,
notably it being accepted to such an extent that FDJ becomes the
owner of more than 90% of the total number of shares in Kindred (on
a fully diluted basis)2:
- To date, five shareholders (Corvex Management LP, Premier
Investissement SAS, Eminence Capital, Nordea and Veralda),
representing 26.72% of Kindred's outstanding Swedish depository
receipts, have made an irrevocable commitment to tender their SDRs
to the offer.
- In addition, FDJ acquired 1.11% of Kindred's outstanding SDRs
directly from Veralda in March.
FDJ will announce the result of the Offer on or around 3 October
2024 at the close of the market. If the Offer is completed,
settlement and delivery for Kindred shareholders who tender their
SDRs will take place on or around 11 October 2024.
___________________________ 1 For the sake of simplicity and
because each SDR represents a share in Kindred, the SDRs will also
be referred to as “shares” and the holders as “shareholders”. 2
Based on 215,823,068 shares, excluding treasury shares
(14,303,068).
About FDJ Group
France's leading gaming operator and one of the industry leaders
worldwide, FDJ offers responsible gaming to the general public in
the form of lottery games (draws and instant games), sports betting
(through its ParionsSport point de vente et ParionsSport en ligne
brands), horse-race betting and poker. FDJ's performance is driven
by a large portfolio of iconic brands, the leading local sales
network in France, a growing market, and recurring investments. The
Group implements an innovative strategy to increase the
attractiveness of its gaming and service offering across all
distribution channels, by offering a responsible customer
experience.
FDJ Group is listed on the regulated market of Euronext Paris
(Compartment A – FDJ.PA) and is part of the SBF 120, Euronext 100,
Euronext Vigeo 20, EN EZ ESG L 80, STOXX Europe 600, MSCI Europe
and FTSE Euro indices.
For more information, visit www.groupefdj.com
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Media Contact +33 (0)1 41 10 33 82 |
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invest@lfdj.com
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