Playtika Announces Extension of Offering Period for Option Exchange
December 05 2022 - 4:50PM
Playtika Holding Corp. (NASDAQ: PLTK)
(“
Playtika”), a mobile gaming entertainment and
technology market leader with a portfolio of multiple game titles,
today announced that it has extended the expiration time of the
offering period for its offer to exchange outstanding eligible
stock options to purchase up to an aggregate of 13,523,596 shares
of Playtika’s common stock, whether vested or unvested (the
“
Options”), that were granted under Playtika’s
2020 Incentive Award Plan from certain eligible service providers
for new restricted stock units (the “
Option
Exchange”) from 9:00 P.M., Pacific Time, on December 12,
2022 until 9:00 P.M., Pacific Time, on December 15, 2022, unless
Playtika, in its discretion, extends the period of time during
which the Option Exchange will remain open.
To date, approximately 7,436,975 Options have been validly
tendered for exchange in the Option Exchange. Eligible service
providers who have validly tendered and not withdrawn their Options
do not need to re-tender their Options nor take any other action in
response to the extension of the Option Exchange.
The Option Exchange is subject to terms and conditions, which
are described in detail in the offer to exchange. Except for the
extension of the expiration time of the offering period for the
Option Exchange as set forth above, the terms and conditions of the
Option Exchange remain the same.
None of Playtika’s management, the members of its Board of
Directors (or any committee thereof) or any of Playtika’s other
representatives or advisors for the Option Exchange or any
representatives or advisors of any of the foregoing for the Option
Exchange makes any recommendation as to whether or not any
stockholder should participate in the Option Exchange.
You should direct questions about the Option Exchange or
requests for additional copies of the Offer to Exchange and the
other offer documents to:
Playtika Holding Corp.Email: to@playtika.com
About Playtika
Playtika is a mobile gaming entertainment and technology market
leader with a portfolio of multiple game titles. Founded in
2010, Playtika was among the first to offer free-to-play social
games on social networks and, shortly after, on mobile platforms.
Headquartered in Herzliya, Israel, and guided by a mission to
entertain the world through infinite ways to play, Playtika has
employees across offices worldwide.
Additional Information and Where to Find It
Playtika has filed with the United States Securities and
Exchange Commission (the “SEC”) a tender offer statement on
Schedule TO with respect to the Option Exchange, including an offer
to exchange, a related letter of transmittal and related materials.
The Option Exchange will only be made pursuant to the offer to
exchange, the related letter of transmittal and other related
materials filed as part of the issuer tender offer statement on
Schedule TO, in each case as may be amended or supplemented from
time to time. This communication is not an offer to buy nor a
solicitation of an offer to sell or exchange any securities of
Playtika. Investors are able to obtain a free copy of these
materials and all other documents filed by Playtika with the SEC at
the website maintained by the SEC at www.sec.gov. Investors may
also obtain, at no charge, any such documents filed with or
furnished to the SEC by Playtika under the “Investors” section of
Playtika’s website at www.playtika.com. INVESTORS AND SECURITY
HOLDERS ARE ADVISED TO READ THESE DOCUMENTS, INCLUDING THE TENDER
OFFER STATEMENT OF THE COMPANY AND ANY AMENDMENTS THERETO, AS WELL
AS ANY OTHER DOCUMENTS RELATING TO THE OPTION EXCHANGE THAT ARE
FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING
ANY DECISIONS WITH RESPECT TO WHETHER TO EXCHANGE SECURITIES IN
CONNECTION WITH THE OPTION EXCHANGE BECAUSE THEY CONTAIN IMPORTANT
INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OPTION
EXCHANGE.
Forward-Looking Statements
The statements included above that are not a description of
historical facts are forward-looking statements. Words or phrases
such as “believe,” “may,” “could,” “will,” “estimate,” “continue,”
“anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would”
or similar expressions are intended to identify forward-looking
statements. These forward-looking statements include without
limitation statements regarding the Option Exchange. Risks and
uncertainties that could cause results to differ from expectations
include: (i) uncertainties as to the timing and terms of the Option
Exchange; (ii) the risk that the Option Exchange may not be
completed in a timely manner or at all; (iii) the possibility that
any or all of the various conditions to the consummation of the
Option Exchange may not be satisfied or waived; (iv) the occurrence
of any event, change or other circumstance that could give rise to
the termination of the Option Exchange; (v) the effect of the
announcement or pendency of the Option Exchange on Playtika’s
ability to retain and hire key personnel, its ability to maintain
relationships with its customers, suppliers and others with whom it
does business, its operating results and business generally or the
trading market for its common stock; (vi) risks related to the
Option Exchange diverting management’s attention from the
Playtika’s ongoing business operations; (vii) the risk that
stockholder litigation in connection with the Option Exchange may
result in significant costs of defense, indemnification and
liability; (viii) Playtika’s ability to achieve the benefits
contemplated by the Option Exchange; and (ix) risks and
uncertainties pertaining to Playtika’s business, including the
risks and uncertainties detailed in Playtika’s Annual Report on
Form 10-K for the year ended December 31, 2022 and its other
filings with the SEC, as well as the tender offer materials to be
filed by Playtika in connection with the Option Exchange. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. All
forward-looking statements are qualified in their entirety by this
cautionary statement, and the Playtika undertakes no obligation to
revise or update these statements to reflect events or
circumstances after the date hereof, except as required by law.
CONTACT:Playtika Holding Corp.Investor
Relationsir@playtika.comwww.playtika.com
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