NeoGames extends Aspire Global offer acceptance period
NeoGames has completed its public offer to the shareholders of Aspire Global and has extended the original acceptance period.
The offer to acquire Aspire Global was submitted on 17 January 2022, and NeoGames today announced it has received and accepted approvals from the Gibraltar Gambling Commission, and the North Macedonia Competition Authority.
In the announcement, NeoGames also stated that Aspire Global must convert all outstanding warrants, options and options issued into no more than 828,094 new shares to meet the conditions of the offer.
NeoGames has extended the acceptance period, originally 25 May 2022, to 14 June 2022 at 5.00pm (CEST). This extension will give Aspire Global shareholders more time to accept the terms of the offer.
Shareholders who accept during this period of extension will receive 50% cash and 50% NeoGames shares, in the form of Swedish depository receipts.
They will, however, be unable to withdraw their acceptance once submitted. NeoGames also announced there will be no further extensions of the acceptance period, and that any acceptances after the new deadline will not be considered.
Shares tendered during the extended acceptance period will be settled from 30 June 2022.
Currently, the offer has been accepted to the extent that NeoGames is now the owner of shares that represent no less than 90% of the total outstanding shares in Aspire Global.
This meets the condition regarding a 90% minimum acceptance level, and as such, the offer has now been declared unconditional.
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