Activision Blizzard Announces Despatch of Rule 15 Proposals Related to Proposed Acquisition of King Digital Entertainment plc
December 07 2015 - 2:10PM
Business Wire
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) IN, INTO OR FROM ANY RESTRICTED JURISDICTION
FOR IMMEDIATE RELEASE
Activision Blizzard, Inc. (Nasdaq:ATVI) announced today that in
relation to the Company’s proposed acquisition of King Digital
Entertainment plc through its wholly owned subsidiary ABS Partners
C.V., previously announced on November 2, 2015, ABS Partners C.V.
and King Digital Entertainment plc have jointly despatched
proposals to the holders of convertible securities (for example,
stock options) of King Digital Entertainment plc in accordance with
the requirements of Rule 15 of the Irish Takeover Rules together
with the form of acceptance for each proposal (the “Proposal
Documents”). The Proposal Documents are being made available
for inspection on activisionblizzard.acquisitionoffer.com in
accordance with Rule 26 of the Irish Takeover Rules. For the
avoidance of doubt, the content of such website is not incorporated
into, and does not form part of, this announcement.
Responsibility for this Announcement
The directors of Activision Blizzard, Inc. and the sole manager
of ABS Partners I, LLC (in its capacity as the general partner of
ABS Partners C.V., a wholly-owned subsidiary of Activision
Blizzard, Inc. formed for the purpose of acquiring King Digital
Entertainment plc) accept responsibility for the information
contained in this announcement. To the best of the knowledge and
belief of the directors of Activision Blizzard, Inc. and the sole
manager of ABS Partners I, LLC (in its capacity as the general
partner of ABS Partners C.V.) (who have taken all reasonable care
to ensure that such is the case), the information contained in this
announcement is in accordance with the facts and does not omit
anything likely to affect the import of such information.
Disclosure Requirements for Certain Holders of King Digital
Entertainment plc Securities
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if
any person is, or becomes, “interested” (directly or indirectly)
in, 1% or more of any class of “relevant securities” of King
Digital Entertainment plc, all “dealings” in any “relevant
securities” of King Digital Entertainment plc (including by means
of an option in respect of, or a derivative referenced to, any such
“relevant securities”) must be publicly disclosed by not later than
3:30 pm ET/New York time on the “business day” following the date
of the relevant transaction. This requirement will continue until
the offer period ends. If two or more persons co-operate on the
basis of any agreement, either express or tacit, either oral or
written, to acquire an “interest” in “relevant securities” of King
Digital Entertainment plc, they will be deemed to be a single
person for the purpose of Rule 8.3 of the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules,
all “dealings” in “relevant securities” of King Digital
Entertainment plc by Activision Blizzard, Inc. or ABS Partners C.V.
or by any party acting in concert with it, must also be disclosed
by no later than 12 noon ET/New York time on the “business” day
following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose
“relevant securities” “dealings” should be disclosed, can be found
on the Irish Takeover Panel’s website at
www.irishtakeoverpanel.ie.
“Interests in securities” arise, in summary, when a person has
long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated
as having an “interest” by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover
Rules, which can also be found on the Irish Takeover Panel's
website.
If you are in any doubt as to whether or not you are required to
disclose a dealing under Rule 8, please consult the Irish Takeover
Panel's website at www.irishtakeoverpanel.ie or contact the Irish
Takeover Panel on telephone number +353 1 678 9020 or fax number
+353 1 678 9289.
Publication on Website
A copy of the announcement will be made available by Activision
Blizzard free of charge, subject to certain restrictions relating
to persons in restricted jurisdictions, on
activisionblizzard.acquisitionoffer.com by no later than 12 noon
ET/New York time on December 8, 2015.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151207006246/en/
Activision BlizzardAmrita AhujaSVP, Investor Relations+1 310 255
2075Amrita.Ahuja@ActivisionBlizzard.com
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Jul 2023 to Jul 2024