William Hill is considering the proposed acquisition of NYX Gaming Group by Scientific Games
08 Nov, 2017, 11:17 ET
GIBRALTAR, Nov. 8, 2017 /CNW/ - William Hill Steeplechase Limited ("William Hill") notes the announcement by NYX earlier today of its apparent determination to frustrate the contractual rights William Hill obtained when it enabled NYX to purchase OpenBet. To correct two assertions made in the NYX announcement, William Hill is considering the proposed acquisition of NYX by Scientific Games Corporation and no decision has been made at this time, and William Hill refutes in the strongest terms that any anti-competitive measure have been requested or is being demanded. William Hill confirms that it has issued a conversion notice to convert its holding of convertible preference shares and has commenced legal action in order that it may also vote such shares at the special meeting of shareholders. William Hill does not wish to make any further comment on those proceedings at this time, other to confirm that it will continue to act in the best interests of its shareholders.
William Hill owns and controls 6,800,000 ordinary shares of NYX and £80 million of preference shares of NYX Digital Gaming (OB SPV) Limited, an indirect wholly-owned subsidiary of NYX, initially convertible into approximately 40,723,339 ordinary shares of NYX (based on an initial conversion price of C$3.67 per ordinary share). Following the conversion of the preference shares, William Hill will own and control 47,523,339 ordinary shares of NYX, or approximately 31.9% of the ordinary shares of NYX.
SOURCE William Hill Steeplechase Limited
For further information: William Hill Steeplechase Limited, 6/1 Waterport Place, Gibraltar, British Overseas Territory, Attn: Lyndsay Wright, +44 (0) 20 8918 3614
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