JPJ Group PLC Announces Completed Syndication of Additional Facility

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Completed
Syndication of Additional Facility for Acquisition of Gamesys

LONDON, UK / ACCESSWIRE / July 1, 2019 / JPJ Group plc (“JPJ” or the ”
Company”) (LSE: JPJ), a leading global online bingo-led operator, announces that following strong demand from the existing lender group, it has now fully completed syndication of the euro equivalent of £175 million (being €196 million) additional term loan facility to be used to support its proposed acquisition of Gamesys (Holdings) Limited (“Gamesys”), excluding sports brands and games (the “Acquisition”), as previously announced on 13 June 2019.

JPJ’s new incremental term loan facility is fungible with the Company’s existing EUR term loan facility, which matures in December 2024 and is priced at EURIBOR (with a 0% floor) plus 4.25% per annum. The Additional Facility is priced at par, and Macquarie and Nomura led the syndication as joint bookrunners.

As previously announced, completion of the Acquisition is expected to take place in Q3 2019, subject to the approval of JPJ shareholders at the General Meeting (the “General Meeting”) on 31 July 2019, customary conditions (including regulatory conditions) and the completion of an internal reorganisation of the Gamesys group.

Keith
Laslop, Chief Financial Officer of JPJ, commented:

“We are delighted that our existing lenders have continued to show such strong support for the Company and our proposed transformational acquisition of Gamesys.”

About JPJ Group plc

JPJ Group plc is the parent company of an online gaming group that provides entertainment to a global consumer base through its subsidiaries. JPJ Group plc currently offers bingo and casino games to its customers through its subsidiaries using the Jackpotjoy (
www.jackpotjoy.com), Starspins (www.starspins.com), Botemania (www.botemania.es), Vera&John (www.verajohn.com), and InterCasino (www.intercasino.com) brands. For more information about JPJ Group plc, please visit www.jpjgroup.com.

Enquiries

JPJ Group plc
Jason Holden, Director of Investor Relations
+44 (0) 203 907 4032
jason.holden@jpj.com

Finsbury
James Leviton
Andy Parnis
+44 (0) 207 251 3801
jpj@finsbury.com

Important
notices

This Announcement is not a prospectus and has been prepared solely for the Acquisition. A copy of the Company’s shareholder circular and prospectus in relation to the Acquisition is available from the registered office of the Company and on the Company’s website at ww.jpjgroup.com/investors.

This Announcement is for information only and, save as expressly set out herein, does not constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities or investment advice in any jurisdiction, including without limitation, the United Kingdom, the United States, Australia, Canada, Japan, Jersey or South Africa. Persons needing advice should consult an independent financial adviser.

This Announcement has been prepared for the purpose of complying with the applicable laws and regulations of the United Kingdom and information disclosed may not be the same as that which would have been disclosed if this Announcement had been prepared in accordance with the laws and regulations of jurisdictions outside the United Kingdom.

The distribution of this Announcement in certain jurisdictions may be restricted by law and persons into whose possession this announcement or other information referred to herein comes should inform themselves about, and observe, any such restrictions. No action has been taken by the Company that would permit an offering of such shares or possession or distribution of this Announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required.

This Announcement contains forward-looking statements. These statements are subject to a number of risks and uncertainties and actual results and events could differ materially from those currently being anticipated as reflected in such forward-looking statements. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “expects”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. All matters that are not historical facts and involve predictions, including those statements with respect to the completion of the Acquisition are forward-looking statements.

Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements in this Announcement. Any forward-looking statements reflect the Company’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties factors and assumptions relating to the Company and Gamesys. Factors which may cause future outcomes to differ from those provided in forward-looking statements include, but are not limited to: general economic and business conditions; demand for the Company’s and/or Gamesys’ products and services; competitive factors in the industries in which the Company and Gamesys operate; exchange rate fluctuations; legislative, fiscal and regulatory developments; political risks; terrorism, acts of war and pandemics; changes in law and legal interpretations affecting the Company’s intellectual property rights and internet communications; impact of technological change; that all necessary third party, regulatory, stock exchange, shareholder and other consents and approvals will be received in connection with the Acquisition on the timelines anticipated or at all, that all other conditions to closing, including completion of the Gamesys group’s corporate reorganisation, will be satisfied in the manner and on the timelines anticipated; the Company’s and Gamesys’ ability to secure, maintain and comply with all requirements to carry out business in the jurisdictions in which they currently operate or intend to operate; governmental and regulatory actions; general business, economic and market conditions; competition; expected growth of the online gaming market; the Company’s Gamesys’ existing businesses and potential new market opportunities; anticipated and unanticipated costs; protection of the Company’s and the Gamesys’ intellectual property rights.

Many of these risks and uncertainties relate to factors that are beyond the Company’s and/or Gamesys’ ability to control or estimate precisely, such as future market conditions, the repercussions of the UK leaving the European Union, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as the Company’s and Gamesys’ ability to continue to obtain financing to meet their liquidity needs, changes in the political, social and regulatory framework in which the Company and Gamesys operate or in economic or technological trends or conditions, the lack of available or qualified personnel or management, stock market volatility, taxation policies, changes in regulation, foreign operations, as well as the other factors described in the Company’s past regulatory disclosures.

Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Forward-looking statements speak only as of the date of such statements and cannot be relied upon as a guide to future performance. Except as required by applicable law, the Company does not undertake to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

The shares referred to in this Announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, into or within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities law.

Certain figures contained in this Announcement, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this announcement may not conform exactly with the total figure given.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: JPJ Group PLC

ReleaseID: 550490