MGM RESORTS INTERNATIONAL HAS RECEIVED NECESSARY GOVERNMENTAL CLEARANCES FOR THE RECOMMENDED PUBLIC OFFER TO THE SHAREHOLDERS OF LEOVEGAS

 

This announcement is not an offer, whether directly or indirectly, in Australia, Hong Kong, Japan, New Zealand or South Africa or in any other jurisdiction where such offer pursuant to legislation and regulations in such relevant jurisdiction would be prohibited by applicable law. Shareholders not resident in Sweden who wish to accept the Offer (as defined below) must make inquiries concerning applicable legislation and possible tax consequences. Shareholders should refer to the offer restrictions included in the section titled "Important information" at the end of this announcement and in the Offer Document (as defined below). Shareholders in the United States should also refer to the section titled "Important notice to shareholders in the United States of America" at the end of this announcement.

STOCKHOLM, Aug. 19, 2022 -- On 2 May 2022, MGM Casino Next Lion, LLC, a wholly-owned indirect subsidiary of MGM Resorts International ("MGM"), announced a recommended public offer to the shareholders of LeoVegas AB (publ) ("LeoVegas") to tender all their shares in LeoVegas to MGM at a price of SEK 61 in cash per share (the "Offer"). An offer document relating to the Offer was published on 2 June 2022 (the "Offer Document").

The completion of the Offer is subject to the conditions stated in the Offer Document, including the receipt of all regulatory, governmental or similar clearances, approvals and decisions that are necessary to complete the transaction. MGM has received all relevant approvals. Therefore, the condition regarding the receipt of all necessary regulatory, governmental or similar clearances, approvals and decisions is fulfilled.

All other conditions specified in the Offer Document, including conditions for completion of the Offer, still apply.

As previously announced, the acceptance period for the Offer expires on 30 August 2022. Settlement for shares tendered in the Offer will take place as soon as MGM announces that the conditions for the Offer are fulfilled or if MGM otherwise decides to complete the Offer. Provided that such announcement is made no later than on 31 August 2022, settlement is expected to be initiated on or around 7 September 2022.

Further information

For further information on the Offer, please visit: http://investors.mgmresorts.com/investors/leovegas 

The information was submitted for publication on 19 August 2022, 8:00 p.m. CEST.

Tags:  MGM Resorts International ("MGM"), LeoVegas, MGM Casino Next Lion, LLC