NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
31 March 2021
RECOMMENDED CASH ACQUISITION
of
William Hill PLC ("William Hill")
by
Caesars UK Holdings Limited ("Caesars UK Bidco")
a wholly-owned subsidiary of
Caesars Entertainment, Inc. ("Caesars")
to be effected by means of a scheme of arrangement
under Part 26 of the Companies Act 2006
Update on Scheme Court Hearing
On 30 September 2020, the boards of William Hill, Caesars UK Bidco and Caesars announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco would acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the "Scheme").
William Hill announces that the Scheme Court Hearing seeking an Order of the Court to sanction the Scheme was held today and a judgment is awaited.
An updated timetable of principal events for completion of the Acquisition and the Scheme will be announced in due course.
Capitalised terms used in this announcement shall, unless otherwise defined, have the same meanings as set out in the Scheme Document published on 26 October 2020. Full details of the Acquisition are set out in the Scheme Document.