The Acquisition will be funded with existing cash. NeoGames shareholders who hold a total of approximately 20.4 million shares, representing approximately 61% of NeoGames’ outstanding shares, have also executed an agreement pursuant to which they will vote in favour of the Acquisition. The NeoGames Board considers the terms of the Acquisition to be fair and has recommended that NeoGames shareholders vote in favour of the Acquisition. The Acquisition represents a valuation multiple of approximately 15x NeoGames’ Adjusted EBITDA for the twelve months to 31 December 2023 2. This represents a premium of approximately 104% to the 3-month volume weighted average price of NeoGames shares for the period ended of approximately US$14.45, and implies an enterprise value of US$1.2 billion ($1.8 billion).Ĭompletion of the Acquisition is subject to, among other things, NeoGames shareholder approval and certain regulatory approvals.

The transaction values NeoGames’ fully diluted equity at approximately US$1.0 billion ($1.5 billion). (“NeoGames”) for a cash price of US$29.50 per share (the “Acquisition”), pursuant to a Business Combination Agreement, a copy of which will be available on the NASDAQ platform (NASDAQ: NGMS).

On-market share buy-back program increased by up to $500 millionĪristocrat Leisure Limited (“Aristocrat”) (ASX: ALL) today announced the proposed acquisition of 100% of NeoGames S.A.Shareholders representing ~61% of NeoGames’ outstanding shares have agreed to vote in favour of the Acquisition.Acquisition is recommended by the NeoGames Board.Expected to be accretive to EPSA in the first full year of Aristocrat ownership (FY25).Delivers on Aristocrat’s online RMG strategy and accelerates growth.Aristocrat has agreed to acquire NeoGames for $1.8 billion 1 (enterprise value).

Aristocrat online casino games