0001104659-14-076296.txt : 20141104 0001104659-14-076296.hdr.sgml : 20141104 20141104105530 ACCESSION NUMBER: 0001104659-14-076296 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20141104 DATE AS OF CHANGE: 20141104 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL GAME TECHNOLOGY CENTRAL INDEX KEY: 0000353944 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 880173041 STATE OF INCORPORATION: NV FISCAL YEAR END: 0928 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 001-10684 FILM NUMBER: 141191873 BUSINESS ADDRESS: STREET 1: 6355 SOUTH BUFFALO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 BUSINESS PHONE: 7026697777 MAIL ADDRESS: STREET 1: 6355 SOUTH BUFFALO DRIVE CITY: LAS VEGAS STATE: NV ZIP: 89113 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GTECH S.P.A. CENTRAL INDEX KEY: 0001368511 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 8880 [8880] IRS NUMBER: 980497573 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: VIA DEL CAMPO BOARIO 56/D STREET 2: 4TH FLOOR CITY: ROME STATE: L6 ZIP: 00153 BUSINESS PHONE: 39-06-5189-9537 MAIL ADDRESS: STREET 1: VIA DEL CAMPO BOARIO 56/D STREET 2: 4TH FLOOR CITY: ROME STATE: L6 ZIP: 00153 FORMER COMPANY: FORMER CONFORMED NAME: Lottomatica S.p.A. DATE OF NAME CHANGE: 20060707 425 1 a14-17382_29425.htm 425

 

Filed by GTECH S.p.A.

pursuant to Rule 425 under the Securities Act of 1933

and deemed to be filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: GTECH S.p.A.; International Game Technology

Filer’s SEC File No.: 333-146050

Date: November 4, 2014

 

GRAPHIC

 

NEWS RELEASE

 

GTECH EXTRAORDINARY SHAREHOLDERS’ MEETING APPROVES PREVIOUSLY ANNOUNCED CROSS-BORDER MERGER OF GTECH INTO GEORGIA WORLDWIDE PLC IN CONNECTION WITH GTECH’S ACQUISITION OF INTERNATIONAL GAME TECHNOLOGY

 

ROME (ITALY) and PROVIDENCE, RHODE ISLAND (USA) — November 4, 2014 — GTECH S.p.A. announced that the extraordinary shareholders’ meeting, held today on single call, approved the cross-border merger (the “Merger”) of GTECH S.p.A. into its subsidiary organized under the laws of England and Wales, Georgia Worldwide PLC (“NewCo”).

 

The Merger is part of a broader transaction whereby GTECH will acquire International Game Technology (“IGT”). Upon completion of the transaction, which is subject to the conditions precedent provided for in the Agreement and Plan of Merger entered into on July 15, 2014 (as amended on September 23, 2014, the “Merger Agreement”), NewCo will become the parent holding company for the combined operations of GTECH and IGT, with its registered office in London and operating headquarters in Rome, Las Vegas, and Providence. NewCo’s ordinary shares will be listed on the New York Stock Exchange.

 

Subject to fulfillment (or waiver, if applicable) of the conditions precedent provided for in the cross-border merger terms, including the completion of the acquisition of IGT, at the Merger effective date GTECH will be absorbed into NewCo and GTECH shareholders will receive one NewCo ordinary share for each GTECH share.

 

GTECH shareholders who did not vote in favor of the Merger at the extraordinary shareholders’ meeting held today will be entitled to exercise their statutory right of withdrawal (diritto di recesso) within 15 days after the registration of the resolution with the Companies’ Register of Rome. A notice concerning such registration will promptly be published on GTECH’s website and on “Il Sole 24Ore”. The liquidation value per GTECH share to be paid to shareholders validly exercising the statutory right of withdrawal is equal to Euro 19.174, as determined in accordance with Article 2437-ter, para. 3, of the Italian Civil Code.

 

The right of withdrawal is subject to the condition precedent that the High Court of England and Wales makes its order approving the completion of the Merger and fixes the Merger effective date, and such order has not been cancelled or withdrawn. The Merger is subject, among other things, to the condition precedent that GTECH has not terminated the Merger Agreement following the exercise of the statutory right of withdrawal by GTECH shareholders representing over 20% of GTECH shares outstanding at the date of signing of the Merger Agreement, as provided by the Merger Agreement.

 

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Finally, the court-convened shareholders’ meeting of NewCo to approve the Merger will be held on December 15, 2014.

 

Related news releases: July 16, September 23, October 1, 4, and 20, November 3, 2014

 

Cautionary Statement Regarding Forward-Looking Statements

 

This communication contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning IGT, GTECH, Georgia Worldwide PLC (“NewCo”), the proposed transactions and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of NewCo, IGT and GTECH 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. 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 GTECH’s forward-looking statements and from past results, performance or achievements. These forward-looking statements are subject to various risks and uncertainties, many of which are outside the parties’ control. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) failure to obtain applicable regulatory or shareholder approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; risks that the new businesses will not be integrated successfully or that the combined companies will not realize estimated cost savings, value of certain tax assets, synergies and growth or that such benefits may take longer to realize than expected; failure to realize anticipated benefits of the combined operations; risks relating to unanticipated costs of integration; 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 companies operate; ability to hire and retain key personnel; the potential impact of announcement or consummation of the proposed transactions 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 companies; international, national or local economic, social or political conditions that could adversely affect the companies or their customers; conditions in the credit markets; risks associated with assumptions the parties make in connection with the parties’ critical accounting estimates and legal proceedings; and the parties’ 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 the parties’ businesses, including those described in NewCo’s Form F-4 and other documents filed from time to time with the Securities and Exchange Commission (the “SEC”) and those described in GTECH’s annual reports, registration documents and other documents filed from time to time with the Italian financial market regulator (CONSOB), as well as those included in IGT’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Except as required under applicable law, the parties do not assume any obligation to update these forward-looking statements. Nothing in this announcement is intended, or is to be construed, as a profit forecast or to be interpreted to mean that earnings per GTECH share or IGT share for the current or any future financial years or those of the combined group, will necessarily match or exceed the historical published earnings per GTECH share or IGT share, as applicable. All forward-looking

 

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statements contained in this communication are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to GTECH, or persons acting on its behalf, are expressly qualified in its entirety by the cautionary statements contained throughout this communication. As a result of these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

 

Important Information for Investors and Shareholders

 

This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and applicable European regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction. On October 1, 2014, NewCo has filed with the SEC a registration statement on Form F-4, file number 333-199096, which includes the proxy statement of IGT that also constitutes a prospectus of NewCo (the “proxy statement/prospectus”). The registration statement on Form F-4 is available at www.sec.gov under the name “Georgia Worldwide”. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, IN THEIR ENTIRETY CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT IGT, GTECH, NEWCO, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by the parties through the website maintained by the SEC at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by the parties by contacting Investor Relations, IGT (for documents filed with the SEC by IGT) or Investor Relations, GTECH (for documents filed with the SEC by NewCo).

 

Italian CONSOB Regulation No. 17221

 

Pursuant to Article 6 of the CONSOB Regulation no. 17221 of March 12, 2010 (as amended, the “CONSOB Regulation”), NewCo is a related party of GTECH, being a subsidiary of GTECH.

 

The merger agreement providing for the GTECH-NewCo merger — which exceeds the thresholds for “significant transactions” pursuant to the Regulation — was approved unanimously by the GTECH board of directors.

 

The merger agreement and the GTECH-NewCo merger are subject to the exemption set forth in Article 14 of the CONSOB Regulation and Article 3.2 of the “Disposizioni in materia di operazioni con parti correlate” (“Procedures for transactions with related parties”) adopted by GTECH on July 31, 2014 and published on its website (www.gtech.com). Pursuant to this exemption, GTECH will not publish an information document (documento informativo) for related party transactions as provided by Article 5 of the CONSOB Regulation. In connection with the meeting of GTECH shareholders scheduled for November 4, 2014 to approve the GTECH-NewCo merger, GTECH has published an information document pursuant to Article 70, paragraph 6, of the CONSOB Regulation on Issuers (CONSOB Regulation no. 11971 of May 24, 1999, as amended), in accordance with applicable terms.

 

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Participants in the Distribution

 

IGT, GTECH and NewCo and their respective directors, executive officers and certain other member of management and employees may be deemed to be participants in the solicitation of proxies from the shareholders of IGT in respect of the proposed transactions contemplated by the proxy statement/prospectus. Information regarding the persons who may, under the rules of the SEC, be participants in the solicitation of the shareholders of IGT in connection with the proposed transactions, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the proxy statement/prospectus filed with the SEC. Information regarding IGT’s directors and executive officers is contained in IGT’s Annual Report on Form 10-K for the year ended September 28, 2013 and its Proxy Statement on Schedule 14A, dated January 24, 2014, which are filed with the SEC.

 

***

 

GTECH S.p.A. is a leading commercial operator and provider of technology in the regulated worldwide gaming markets, delivering best-in-class products and services, with a commitment to the highest levels of integrity, responsibility, and shareholder value creation. The Company is listed on the FTSE MIB at the Italian Stock Exchange under the trading symbol “GTK” and is majority owned by De Agostini S.p.A. In 2013, GTECH had approximately €3.1 billion in revenues and 8,600 employees with operations in approximately 100 countries on six continents. For more information, please visit www.gtech.com.

 

For further information:

 

Robert K. Vincent

Simone Cantagallo

GTECH S.p.A.

GTECH S.p.A.

Corporate Communications

Media Communications

T. (+1) 401 392 7452

T. (+39) 06 51899030

 

This news release and those archived are available at www.gtech.com

 

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