Canada
INTRALOT completes acquisition of Intralot US Securities B.V. shares from minority holders
INTRALOT announces the closing of the purchase by its wholly owned Dutch subsidiary “Intralot Global Holdings B.V.” (IGH) of 33,227,256 ordinary shares (or 33.23%) in “Intralot US Securities B.V.” from their current holders for a price of €3.65 per share (ie. €121,279,484.40 in total). “Intralot US Securities B.V.” holds indirectly 100% of the shares of “Intralot, Inc.” a US (Georgia) corporation. The remaining 1,043,424 shares (or 1.04%) of “Intralot US Securities B.V.” that are not already owned by IGH will be acquired by IGH for the same price per share pursuant to the “drag-along” provisions of the Joint Venture Agreement in effect since Aug 3, 2021, in the following days, bringing the controlling share of the Intralot Group in “Intralot Inc.” to 100%.
The funds for the transaction were raised by a share capital increase via rights issue by INTRALOT, a listed company on the Athens Stock Exchange, completed on July 25, 2022, according to the provisions of the Prospectus published on June 24, 2022.
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