Playtika Provides Update on Shares Tendered to Date in Tender Offer for Its Common Stock

HERZLIYA, Israel, September 29, 2022 /PRNewswire/ — Playtika Holding Corp. (NASDAQ: PLTK) (“Playtika“), a market leader in mobile gaming technology and entertainment with a portfolio of multiple game titles, today provided an update on the number of issued and outstanding shares of Playtika common stock, par value $0.01 per share (each, one “To share“, and collectively, “Shares“) tendered to date in its previously announced tender offer for the purchase of up to 51,813,472 Shares at a price of $11.58 by Action.

Playtika has completed the tender offer on the terms and subject to the conditions described in the tender offer, dated August 29, 2022the related Letter of Transmittal and other related documents, each of which may be amended or supplemented from time to time.

From 4:00 p.m.New York time, the Thursday, September 29, 2022the tender offer custodian has advised Playtika that approximately 226,985,902 Shares have been validly tendered and have not been properly withdrawn.

The tender offer must expire one minute after 11:59 p.m.New York time, the Monday, October 3, 2022, unless the tender offer is extended or terminated. Playtika has not accepted and will not accept any Tendered Shares for payment prior to the expiration of the tender offer.

The tender offer is not conditional on the contribution of a minimum number of Shares. The tender offer is subject to certain conditions, including that it may be modified or terminated by Playtika in certain circumstances, which are described in detail in the tender offer. Specific instructions and a full explanation of the terms and conditions of the tender offer are contained in the offer to purchase, related cover letter and other related documents, which have been mailed to registered shareholders.

As previously announced, in connection with the launch of the tender offer, Playtika’s majority shareholder group, Playtika Holding UK II Limited, Alpha Frontier Limited, Shanghai Cibi Business Information Consultancy Co., Ltd., Shanghai Jukun Network Technology Co., Ltd., Giant Network Group Co., Ltd., Giant Investment Co., Ltd., Yuzhu ShiHazlet Global Limited, Equal Sino Limited and Jingshi (collectively, the “Giant/Alpha Group“) has entered into this Tender Agreement, dated August 26, 2022 (there “tender agreement“) with Playtika, which requires, among other things, that Giant/Alpha Group tender at least 211,711,155 shares to the tender offer and not withdraw such shares except as permitted by the terms of the offer agreement, including the right to withdraw such number of Shares as may be necessary (1) to bring about the contribution of the Shares which will $323 million in gross proceeds payable to Giant/Alpha Group, and (2) to maintain a 51.7% ownership interest on a fully diluted basis following the tender offer.

None of Playtika, members of its board of directors (or any committee thereof), the Information Agent, the Depositary or any of Playtika’s other representatives or advisers for the public offer of any representative or adviser of any of the above-mentioned elements for the takeover bid makes any recommendation as to whether or not a shareholder should participate in the takeover bid.

DF King & Co., Inc. is serving as information agent for the tender offer and American Stock Transfer & Trust Company, LLC is serving as depositary. For any questions relating to the tender offer, please contact the Information Agent, DF King & Co., Inc. at [email protected] or call toll free at (877) 871-1741.

About Playtika

Playtika is a market leader in mobile games technology and entertainment with a portfolio of multiple game titles. Founded in 2010, Playtika was among the first to offer free social games on social networks and, soon after, on mobile platforms. Based in Herzliya, Israel, and driven by a mission to entertain the world through endless ways to play, Playtika has employees in offices around the world.

Additional information regarding the tender offer

This press release is for informational purposes only. This is not a recommendation to buy or sell Shares or any other Playtika security, nor is it an offer to buy or a solicitation of an offer to sell Shares.

Playtika has filed with the United States Securities and Exchange Commission (the “SECOND“) a tender offer statement on Schedule TO, including an offer to purchase, related cover letter and related documents. The tender offer will only be made pursuant to of the offer to purchase, related cover letter and other related documents filed as part of the issuer’s tender offer statement on Schedule TO, in each case as “it may be amended or supplemented from time to time. Shareholders should carefully read the Offer to Purchase, the related cover letter and other related documents, as they contain important information, including the various terms and conditions of the takeover bid.

Shareholders may obtain a free copy of the Tender Offer Statement on Schedule TO, the Tender Offer, the Related Letter of Transmittal and Related Materials on the SEC’s website at address www.sec.gov. In addition, free copies of these documents may be obtained by contacting DF King & Co., Inc., the information agent for the tender offer, toll-free at (877) 871-1741.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, including statements regarding the completion, timing and size of the tender offer. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. In addition, statements that include words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “could”, “present”, “preserve”, “project”, “pursue”, “will” or “would” or the negative form of these words or other words or expressions of similar meaning may identify forward-looking statements.

Important factors that could cause actual results to differ materially from the estimates or projections contained in the forward-looking statements include, but are not limited to:

  • Playtika’s ability to complete the tender offer, including Playtika’s ability to satisfy the terms of the tender offer and the number of Shares Playtika is able to purchase pursuant to the take-over bid ;
  • Playtika’s ability to realize the benefits contemplated by the public offering;
  • Any adverse impact the tender offer may have on Playtika and the trading market for Playtika common stock;
  • Playtika’s reliance on third-party platforms, such as iOS App storeFacebook and Google Play Store, to distribute Playtika’s games and collect revenue, and the risk that these platforms change their policies in a negative way;
  • Playtika’s reliance on a limited number of games to generate the majority of its revenue;
  • Playtika’s reliance on a small percentage of total users to generate the majority of its revenue;
  • Playtika’s free game business model and the value of virtual items sold in Playtika’s games are highly dependent on how Playtika manages game revenue and pricing models;
  • Playtika’s inability to make acquisitions and successfully integrate acquired businesses could limit its growth or disrupt its plans and operations;
  • Playtika may be unable to successfully develop new games;
  • Playtika’s ability to compete in a highly competitive industry with low barriers to entry;
  • Playtika has significant debt and is subject to obligations and covenants under its debt obligations;
  • the impact of the COVID-19 pandemic on Playtika’s business and the economy as a whole;
  • the impact of economic recession or periods of increased inflation, and any reduction in household spending on the types of optional entertainment offered by Playtika;
  • Playtika’s controlled company status;
  • changes in the financial condition or liquidity requirements, or rules or regulatory requirements applicable to the group of shareholders controlling Playtika;
  • the number of Shares that the Giant/Alpha Group will contribute;
  • legal or regulatory restrictions or procedures could adversely impact Playtika’s business and limit the growth of Playtika’s operations;
  • risks relating to Playtika’s international operations and ownership, including significant Playtika operations in Israel, Ukraine and Belarus and the fact that Playtika’s majority shareholder group includes a Chinese-owned company;
  • Playtika’s dependence on key personnel;
  • security breaches or other disruptions could compromise Playtika’s information or the information of its players and expose Playtika to liability; and
  • Playtika’s failure to protect its intellectual property and proprietary information could negatively impact Playtika’s business.

Other factors that could cause future events to differ, potentially materially, from actual results, financial or otherwise, from those discussed or implied by the forward-looking statements include the risks and uncertainties discussed in the filings by Playtika with the SEC. Although Playtika believes that the expectations reflected in the forward-looking statements are reasonable, Playtika cannot guarantee that the results, levels of activity, performance or future events and circumstances reflected in the forward-looking statements will be achieved or occur, and the results reported should should not be taken as an indication of future performance. Given these risks and uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements.

Except as required by law, Playtika undertakes no obligation to update forward-looking statements for any reason to conform such statements to actual results or to changes in Playtika’s expectations.

SOURCEPlaytika

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