Scientific Games Acquires Ordinary Shares of NYX Gaming Group
LAS VEGAS, Nov. 21, 2017 /PRNewswire/ -- Scientific Games Corporation (Nasdaq: SGMS) ("Scientific Games") today announced that it acquired ownership of 11,600,000 ordinary shares (the "Acquired Shares") of NYX Gaming Group Limited (TSXV: NYX) ("NYX"), representing approximately 10.72% of the issued and outstanding ordinary shares of NYX (the "Ordinary Shares"). The Acquired Shares were purchased through the facilities of the TSX Venture Exchange at prices ranging from CAD$2.22 to CAD$2.35 per share, representing an aggregate purchase price of CAD$27,054,565.
Prior to the transaction, Scientific Games did not own, directly or indirectly, any Ordinary Shares.
As announced earlier today, Scientific Games and NYX entered into a first amendment dated November 21, 2017 (the "Amendment") to the arrangement agreement dated September 20, 2017 between Scientific Games and NYX (the "Arrangement Agreement"). Under the Amendment, Scientific Games and NYX have agreed that should the acquisition of NYX by Scientific Games (the "Acquisition") not be approved by shareholders of NYX at the shareholder vote in December or not move forward for other specified reasons, Scientific Games will make a contractual takeover offer to NYX shareholders (the "Takeover Offer") for the same share price contained in the Arrangement Agreement. This reaffirms the companies' commitment to move forward together.
In addition, earlier today NYX agreed to waive the existing standstill with Scientific Games contained in the agreement between Scientific Games and NYX so that Scientific Games and its affiliates could purchase any ordinary, preferred or other equity securities of NYX or any of its subsidiaries.
In the future, Scientific Games may acquire additional Ordinary Shares pursuant to the Acquisition, the Takeover
This press release is being issued pursuant to the requirements of National Instrument 62-103 –The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. An early warning report with additional information in respect of the foregoing matters will be filed and available on the SEDAR profile of NYX at www.sedar.com.
For further information or to obtain a copy of the early warning report, you may contact:
Investor Relations:
Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Media Relations:
Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@
Prior to the transaction, Scientific Games did not own, directly or indirectly, any Ordinary Shares.
As announced earlier today, Scientific Games and NYX entered into a first amendment dated November 21, 2017 (the "Amendment") to the arrangement agreement dated September 20, 2017 between Scientific Games and NYX (the "Arrangement Agreement"). Under the Amendment, Scientific Games and NYX have agreed that should the acquisition of NYX by Scientific Games (the "Acquisition") not be approved by shareholders of NYX at the shareholder vote in December or not move forward for other specified reasons, Scientific Games will make a contractual takeover offer to NYX shareholders (the "Takeover Offer") for the same share price contained in the Arrangement Agreement. This reaffirms the companies' commitment to move forward together.
In addition, earlier today NYX agreed to waive the existing standstill with Scientific Games contained in the agreement between Scientific Games and NYX so that Scientific Games and its affiliates could purchase any ordinary, preferred or other equity securities of NYX or any of its subsidiaries.
In the future, Scientific Games may acquire additional Ordinary Shares pursuant to the Acquisition, the Takeover
This press release is being issued pursuant to the requirements of National Instrument 62-103 –The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. An early warning report with additional information in respect of the foregoing matters will be filed and available on the SEDAR profile of NYX at www.sedar.com.
For further information or to obtain a copy of the early warning report, you may contact:
Investor Relations:
Michael Quartieri +1 702-532-7658
Executive Vice President and Chief Financial Officer
Media Relations:
Susan Cartwright +1 702-532-7981
Vice President, Corporate Communications
susan.cartwright@
