LONDON, Aug. 11, 2015 /PRNewswire/ -- International Game
Technology PLC ("IGT") (NYSE:IGT) today announced that its Board of
Directors has declared a quarterly cash dividend of $0.20 per ordinary share, payable on September 10, 2015 to all shareholders of record
as of the close of business on August 26,
2015. This will be the first cash dividend paid to IGT
shareholders following the acquisition of the legacy International
Game Technology by GTECH S.p.A. on April 7,
2015. IGT intends to pay a regular $0.20 quarterly cash dividend, representing an
annual payout of $0.80, subject to
ongoing Board approval.
"The Board's decision to initiate a dividend reflects its
confidence in our strong recurring revenue model, high cash flow
visibility, and culture of disciplined financial management,"
said Marco Sala, CEO of
IGT. "It is an important part of our
commitment to enhance shareholder returns while strengthening our
financial position and investing in long-term growth
opportunities."
About IGT
IGT (NYSE:IGT) is the global leader in
gaming. We enable players to experience their favorite games across
all channels and regulated segments, from Gaming Machines and
Lotteries to Interactive and Social Gaming. Leveraging a wealth of
premium content, substantial investment in innovation, in-depth
customer intelligence, operational expertise and leading-edge
technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established
local presence and relationships with governments and regulators in
more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and
responsibility. IGT has more than 13,000 employees. For more
information, please visit www.merger.igt.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements (including within the meaning of the Private Securities
Litigation Reform Act of 1995) concerning IGT and other matters.
These statements may discuss goals, intentions and expectations as
to future plans, trends, events, dividends, results of operations
or financial condition, or otherwise, based on current beliefs of
the management of IGT as well as assumptions made by, and
information currently available to, such management.
Forward-looking statements may be accompanied by words such as
"aim," "anticipate," "believe," "plan," "could," "would," "should,"
"shall," "continue," "estimate," "expect," "forecast," "future,"
"guidance," "intend," "may," "will," "possible," "potential,"
"predict," "project" or the negative or other variations of them.
These forward-looking statements are subject to various risks and
uncertainties, many of which are outside IGT's control. Should one
or more of these risks or uncertainties materialize, or should any
of the underlying assumptions prove incorrect, actual results may
differ materially from those predicted in the forward-looking
statements and from past results, performance or achievements.
Therefore, you should not place undue reliance on the
forward-looking statements. Factors that could cause actual results
to differ materially from those in the forward-looking statements
include (but are not limited to) risks that the businesses of
International Game Technology and GTECH S.p.A. will not be
integrated successfully, or that the combined companies will not
realize estimated cost savings, synergies, growth or other
anticipated benefits or that such benefits may take longer to
realize than expected; risk that the Company will be unable to pay
future dividends to shareholders or that the amount of such
dividends may be less than anticipated; risks relating to
unanticipated costs of integration of the two companies; reductions
in customer spending; a slowdown in customer payments and changes
in customer demand for products and services; unanticipated changes
relating to competitive factors in the industries in which the
company operates; ability to hire and retain key personnel; the
potential impact of the consummation of the business combination on
relationships with third parties, including customers, employees
and competitors; ability to attract new customers and retain
existing customers in the manner anticipated; reliance on and
integration of information technology systems; changes in
legislation or governmental regulations affecting the company;
international, national or local economic, social or political
conditions that could adversely affect the company or its
customers; conditions in the credit markets; risks associated with
assumptions the company makes in connection with its critical
accounting estimates and legal proceedings; and the company's
international operations, which are subject to the risks of
currency fluctuations and foreign exchange controls. The foregoing
list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties that
affect IGT's business, including those described in IGT's annual
report on Form 20-F for the financial year ended December 31, 2014 and other documents filed from
time to time with the Securities and Exchange Commission (the
"SEC"). Except as required under applicable law, IGT does not
assume any obligation to update the forward-looking statements.
Nothing in this news release is intended, or is to be construed, as
a profit forecast or to be interpreted to mean that earnings per
IGT share for the current or any future financial years will
necessarily match or exceed the historical published earnings per
IGT share, as applicable. All forward-looking statements contained
in this news release are qualified in their entirety by this
cautionary statement. All subsequent written or oral
forward-looking statements attributable to IGT, or persons acting
on its behalf, are expressly qualified in their entirety by this
cautionary statement.
Contact:
Robert K.
Vincent, Corporate Communications, +1-401-392-7452
James Hurley, Investor Relations,
+1-401-392-7190
Simone Cantagallo, +39 06 51899 030;
for Italian media inquiries
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SOURCE IGT