Intermediate Range has completed the placement of 15 million shares of lottery, an amount that represents approximately6% of the share capital of the company through a private placement through an accelerated bookbuilding offering.
Il selling price of the placement determined in the context of the offer, through accelerated bookbuilding, aimed at institutional investors has been set at € 11,10 per share, with settlement expected on or around September 24.
Following completion of the placement, Gamma Intermediate will retain a shareholding equal to 51,5% of Lottomatica's share capital.
Gamma Intermediate has also accepted a 90-day lock-up for its remaining Lottomatica shares, subject to a waiver by the joint global coordinators and certain other customary waivers. Barclays Bank and Deutsche Bank are acting as joint global coordinators and joint bookrunners and Latham & Watkins is acting as legal advisor.
At Piazza Affari Lottomatica shares they give up more than 2% of their value.
