Betsson completes acquisition of Dutch online casinos

Only the sellers of Oranje and Kroon are entitled to subscribe for the new B Shares, which they can buy by transfer of shares in Class One Holding. All newly issued B Shares have been subscribed for and allotted.
 
The new shares will be admitted to trading on Nasdaq OMX Stockholm during the current week. The sellers are committed to certain restrictions regarding the transfer of the newly issued Series B shares, including not selling part of the shares for six or twelve months.
 
Betsson has also clarified that an additional purchase price in cash, based on the outcome of the anticipated re-regulation in Holland, may be paid, up to a maximum of Euro 45 million, which implies that the total maximum purchase price could ultimately be as much as Euro 145 million.
 
However, Betsson anticipates having to pay Euro 30 million in additional purchase price, implying a total purchase price of Euro 130 million.
 
Betsson has disclosed that it has taken an external loan of Euro 78 million, part of which will be used to pay for Class One Holding, and part to pay for the April 2012 acquisition of the Malta-based Nordic Gaming Group. On top of this loan facility, the company has an additional credit facility of Euro 12 million to be used when needed.
 
Betsson expects that the acquisition will contribute positively to its company’s financial result.