Intralot announced the completion of the acquisition by its wholly owned subsidiary in the Netherlands Intralot Global Holdings BV (IGH) of 33,227,256 common shares (or 33.23%) of Intralot US Securities BV from the current holders at a price of 3.65 per share (i.e. in total for 121,279,484.40 euros).
Intralot US Securities BV indirectly owns 100% of the shares of Intralot, Inc. incorporated under the laws of the State of Georgia, USA.
The remaining 1,043,424 shares (or 1.04%) of Intralot US Securities BV, which are not yet owned by IGH, will be acquired by IGH at the same price per share in accordance with the drag-along provisions of joint venture agreement effective from August 3, 2021, within the next few days, resulting in 100% of the shares of Intralot, Inc. to be controlled by the Intralot group.
The funds for the transaction were raised from the increase in the share capital with pre-emptive rights of the Athens Stock Exchange listed company Intralot, which was completed on July 25, 2022, according to the forecasts of the prospectus published on June 24, 2022.
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