Pollard Equities exercises options in NYX as Scientific Games undertakes shareholding takeover

first_img Submit Share Issuing a market update, Canadian gambling investment firm Pollard Equities has moved to increase its stake in Toronto TSX-listed gaming/betting technology firm NYX Gaming Group.Pollard Equities the majority owner of lottery tickets supplier Pollard Banknote has executed the right to purchase 4 million fixed priced warrants/options of NYX Gaming’s ordinary shares.Detailing the transaction, Pollard will pay a fixed price CDN $0.03 per warrant, completing a total purchase price of CDN $120,000.At present, Pollard Equities owns 8,621,300 of ordinary shares in NYX Gaming, approximately 8% of the company’s shareholding. Should Pollard Equities convert its agreed warrant transaction the company would own 11.2% of outstanding NYX shares.NYX Gaming is a current takeover target of Nasdaq-listed gambling technology group Scientific Games Corporation (SGC). Last week, SGC governance executed an 11.6 million (10.6%) NYX share purchase at a target price of CAD$2.22-2.35 per share, representing a purchase price of circa CAD $27 million (£18 million).Seeking to unblock the agreed takeover NYX, negotiating governances have amended takeover proposals.Moving forward NYX governance has dropped deal provisions set on 20 September, requiring SGC to acquire ‘at least 75% of shares’ in the company to complete its acquisition.Under a new arrangement, SGC and NYX governances have “agreed that should the acquisition of NYX by Scientific Games not be approved by shareholders at pending vote in December or not move forward for other specified reasons, Scientific Games will commence a contractual takeover offer to NYX shareholders.” mkodo agrees £7.8m sale to Pollard Banknote Canada December 3, 2019 Related Articles StumbleUpon Perelman fund reviews majority shareholding in Scientific Games July 16, 2020 Scientific Games pursues further $1 billion debt note March 6, 2019 Sharelast_img read more


first_imgDerry City have signed Killybegs defender Shaun Kelly from fellow Airtricity Premier Division side Limerick City.Shaun Kelly form Killybegs has signed with Derry City.Kelly is a right-sided defender who has played for Hearts, Dundalk and Galway.After a period with the Scottish Premiership club, Kelly returned to Ireland to sign for Dundalk in January 2009. On leaving Oriel Park at the end of 2010 he signed for Galway in February the following year.However, financial turmoil led to Westerners placing their entire squad on the transfer list and in July 2011 he signed for Limerick FC and made his debut for the club against Monaghan United at Jackman Park on 22 July, going on to play 11 league games as Limerick finished third in the First Division.He played 24 league games in Limerick’s First Division title winning season of 2012 and re-signed for Limerick’s first season back in the Premier Division in 2013.He made 25 league appearances for the club and scored his first two goals for the club that year. He re-signed for the 2014 season and was handed the captain’s armband after the retirement of former skipper Pat Purcell.KILLYBEGS DEFENDER SIGNS ON DOTTED LINE WITH DERRY CITY was last modified: July 28th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:derry citydonegalKillybegsLimerick FCShaun Kellylast_img read more