evoke plc confirms ongoing discussions with Bally’s Intralot over a possible offer for the entire issued and to-be-issued share capital, with a deadline set for May 18, 2026 to announce a firm decision.
evoke plc has confirmed that it is in discussions with Bally’s Intralot S.A. regarding a potential offer for the entire issued and to be issued share capital of the company, at a price of 50 pence per share.
According to the group’s announcement, the contemplated proposal would consist of a share-based transaction with a partial cash alternative. However, evoke has stressed that there is no certainty that a formal offer will ultimately be made, nor any assurance regarding the final terms under which it could be presented.
The board of directors of evoke is currently reviewing this potential transaction together with its financial advisers, Morgan Stanley and Rothschild & Co. Meanwhile, the company has asked its shareholders not to take any action in relation to the proposal at this stage.
Bally’s Intralot has informed evoke that, no later than 5:00 p.m. (London time) on May 18, 2026, it must either announce a firm intention to make an offer or confirm that it does not intend to proceed. This deadline may be extended with evoke’s consent.
In its statement, Bally’s Intralot also notes that any firm offer, if made, would be subject to the usual conditions and regulatory approvals for transactions of this nature. It also reserves the right to modify the terms of any potential deal, including price, structure, and the mix of shares and cash.
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