MGM ANNOUNCES OUTCOME OF THE EXTENDED ACCEPTANCE PERIOD OF THE OFFER TO THE SHAREHOLDERS OF LEOVEGA

 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 relating to the Offer, which was published on 2 June 2022 and supplemented on 11 August 2022. 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.

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 shares in LeoVegas to MGM at a price of SEK 61 in cash per share (the "Offer").

On 31 August 2022, MGM announced that the Offer had been accepted by shareholders with a total of 63,047,289 shares in LeoVegas, corresponding to approximately 64.56 percent of the outstanding shares in LeoVegas¹ and that MGM, since the time of announcement of the Offer, had also acquired 30,400,000 LeoVegas shares² at prices not exceeding the price in the Offer. As a result, MGM controlled in total 93,447,289 shares in LeoVegas, corresponding to approximately 95.69 percent of the outstanding shares in LeoVegas, and declared the Offer unconditional and extended the acceptance period.

During the extended acceptance period which expired on 14 September 2022, the Offer has been accepted by shareholders with a total of 2,320,120 shares in LeoVegas, corresponding to approximately 2.38 percent of the outstanding shares in LeoVegas. After the end of the extended acceptance period, MGM thus controls in total 95,767,409 shares in LeoVegas, corresponding to approximately 98.07 percent of the outstanding shares in LeoVegas.

Settlement for shares tendered in the Offer during the extended acceptance period will begin around 22 September 2022. MGM will not further extend the acceptance period for the Offer.

MGM has initiated a compulsory acquisition procedure in accordance with the Swedish Companies Act to acquire all shares not tendered in the Offer. LeoVegas' application for de-listing of the shares from Nasdaq Stockholm was approved on 8 September 2022. The last day of trading in LeoVegas' shares at Nasdaq Stockholm will be 22 September 2022.

Further information

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

Tags: MGM Resorts International, MGM