Evoke (EVOK): Offer for the company
This situation live
EVOK Evoke
20 Apr 2026 · approach · 50p · −18% until the next step
evoke is in discussions with Bally's Intralot S.A. 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.
18 May 2026 · offer · +38% until the next step
Constructive discussions are continuing between the parties in relation to the Proposal, which is expected to comprise an all-share combination with a partial cash alternative.
5 Jun 2026 · offer · 52p · +1% until the next step
Under the terms of the Acquisition, evoke Shareholders will be entitled to receive for each evoke Share: 0.537 New Intralot Shares based on Intralot's share price of EUR 1.12, representing 52 pence pe
3 Jul 2026 · offer · −3% until the next step
completion still expected to occur in the final quarter of 2026 or first quarter of 2027, subject to the satisfaction (or, where applicable, waiver) of the Conditions
17 Aug 2026 · approved · −12% until the next step
the requisite majority of eligible Scheme Shareholders voted to approve the Scheme at the Court Meeting and the requisite majority of eligible evoke Shareholders voted to pass the Special Resolution
18 Sep 2026 · approved · 23.5% below the offer · +4% since
the requisite majority of Intralot Shareholders voted to pass the Resolutions to authorise the board of Intralot to increase the share capital of Intralot and amend the articles of association of Intr
Offer for the company
approved · 23.5% below the offer
Offer52p in shares
Premium+34% on 38.8p
Spread now+23.5% to the offer
Boardrecommends
As of 18 Sep 2026 ↗
Next: scheme expected to become effective the final quarter of 2026 or first quarter of 2027
Every step · 7
- 20 Apr 2026 approach · 50p – evoke is in discussions with Bally's Intralot S.A. regarding a possible offer for the entire issued and to be issued share capital of the Company at a price... ↗
- 18 May 2026 offer – Constructive discussions are continuing between the parties in relation to the Proposal, which is expected to comprise an all-share combination with a... ↗
- 5 Jun 2026 offer · 52p – Under the terms of the Acquisition, evoke Shareholders will be entitled to receive for each evoke Share: 0.537 New Intralot Shares based on Intralot's share... ↗
- 3 Jul 2026 offer – completion still expected to occur in the final quarter of 2026 or first quarter of 2027, subject to the satisfaction (or, where applicable, waiver) of the... ↗
- 21 Jul 2026 approved – to become effective the Scheme will require, amongst other things: (i) the approval of a majority in number of Scheme Shareholders present and voting... ↗
- 17 Aug 2026 approved – the requisite majority of eligible Scheme Shareholders voted to approve the Scheme at the Court Meeting and the requisite majority of eligible evoke... ↗
- 18 Sep 2026 approved · 23.5% below the offer – the requisite majority of Intralot Shareholders voted to pass the Resolutions to authorise the board of Intralot to increase the share capital of Intralot... ↗
What is happening
Evoke: Offer for the company – approved · 23.5% below the offer. ['approved']
- In short
- The board opened a strategic review on 10 Dec 2025 and on 5 Jun 2026 agreed a recommended all-share offer from Bally's Intralot at 52p a share, about £243.1m. evoke shareholders approved the scheme on 17 Aug 2026 with over 99% of votes. On 18 Sep 2026 Intralot shareholders passed the share-capital resolutions, satisfying Condition 3(a)(i). Court sanction is expected in Q4 2026 or Q1 2027.
- Announced
- 20 Apr 2026 · approach · 50p
- Latest
- 18 Sep 2026 · approved
- Conditions
- A number of antitrust and regulatory conditions satisfied; other Conditions and Court sanction remain
- Timetable
- Court sanction and effectiveness expected in Q4 2026 or Q1 2027
- Guidance
- No forward-looking financial guidance given because of the offer
- Court Meeting vote
- 99.91% of Scheme Shares voted were for; 30 of 31 holders voted for (17 Aug 2026)
- General Meeting vote
- Special Resolution passed with 99.63% of shares voted for (17 Aug 2026)
- Offer
- Recommended all-share offer at 52p a share, about £243.1m, agreed 5 Jun 2026
- Bidder vote
- Intralot General Meeting passed the resolutions on 18 Sep 2026; share capital authorisation 99.585% for; Condition 3(a)(i) satisfied
- evoke vote
- Court Meeting 99.91% for and Special Resolution 99.63% for, on 17 Aug 2026
What comes next
scheme expected to become effective the final quarter of 2026 or first quarter of 2027.
From the company's own announcements. Not investment advice.
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