Statement regarding media speculation
Evoke PLC has confirmed it is in discussions with Bally's Intralot S.A. regarding a potential offer for the entire issued share capital at 50 pence per share, comprising an all-share combination with a partial cash alternative. The Board of Evoke is evaluating this proposal with its financial advisors, and Bally's Intralot has until May 18, 2026, to announce a firm intention to make an offer. Evoke currently has 450,634,446 ordinary shares in issue.
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evoke notes the recent media speculation and confirms that it is in discussions with Bally's Intralot S.A. ("Bally's Intralot") regarding a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share (the "Proposal"). The Proposal is expected to comprise an all-share combination with a partial cash alternative.
There can be no certainty that an offer will be made or as to the terms on which any offer might be made.
The Board of evoke is evaluating the possible offer together with its financial advisers, Morgan Stanley and Rothschild & Co.
evoke shareholders are advised not to take any action in relation to the Proposal.
A further announcement will be made when appropriate.
Bally's Intralot has confirmed to the Company that it will, by no later than 5.00 p.m. (London time) on 18 May 2026, being 28 days after the date of this announcement, either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer. This deadline can be extended with the consent of the Company.
Bally's Intralot has confirmed that any firm offer, if made, would be subject to customary conditions and approvals and that it reserves the right to vary the terms of any such offer, including the price, the form and mix of consideration and the structure of the transaction.
This announcement has been made with the consent of the Bally's Intralot Board.
Rothschild & Co.
Daniel Ross
Edward Duckett
Ashley Gillard
The City Code on Takeovers and Mergers
The City Code on Takeovers and Mergers (the "Code") does not apply to the Company as it is registered in Gibraltar. As a result, a takeover offer for the Company will not be regulated by the UK Panel on Takeovers and Mergers (the "Panel"). The Company's articles of association contain certain provisions requiring the Company to use its reasonable endeavours to apply the rules of the Code to a takeover offer for the Company (except where not in the best interest of the Company to do so), although these do not provide the full protections afforded by the Code and the enforcement of such provisions is the responsibility of the Company, not the Panel. Accordingly, shareholders of the Company are reminded that the Panel does not have responsibility, in relation to the Company, for ensuring compliance with the Code and is not able to answer shareholders' questions in that regard.
Number of shares in issue
As at the close of business on 17 April 2026 (being the business day prior to the date of this announcement), evoke confirms that it had in issue 450,634,446 ordinary shares of GBP £0.005 each (excluding shares held in treasury) with voting rights and admitted to trading on the main market of the London Stock Exchange under the ISIN code GI000A0F6407.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.