London Stock Exchange welcomes Jackpotjoy plc to the Main Market
London Stock Exchange welcomes Jackpotjoy plc, the largest online bingo-led company in the world, to admission to the standard listing segment of the Official List of the UK’s Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange plc. Jackpotjoy plc ordinary shares are trading under the ticker symbol “JPJ”.
Jackpotjoy plc became the parent company of Intertain in January 2017 following a plan of arrangement transaction involving a share-for-share exchange of former Intertain shares for shares of Jackpotjoy plc or exchangeable shares issued by Intertain (TSX: ITX).
During 2016, Intertain explored a number of strategic alternatives and decided to proceed with a comprehensive set of UK-centred strategic initiatives, including a listing on the London Stock Exchange under the name Jackpotjoy, the brand of its largest business division.
The listing on the LSE, together with other aspects of the UK strategic initiatives implemented over the previous six months –the recent debt refinancing, the amended arrangements with the Gamesys group, and the introduction of strong new leadership for the company, specifically the appointment of Neil Goulden as Chair of the Board and Andrew McIver as Chief Executive Officer, along with the appointment of three other new non-executive directors – will significantly enhance Jackpotjoy plc’s ability to build on the group’s existing strong assets, whether by organic growth, expansion into new geographic markets, or otherwise.
Canaccord Genuity Limited, Clifford Chance LLP, BDO UK LLP and Finsbury advise Jackpotjoy plc
Andrew McIver, Jackpotjoy plc’s Chief Executive Officer, said
“We are delighted to have completed the listing on the Main Market of the LSE which will provide Jackpotjoy plc with access to a large, liquid and international market that is home to a number of our global gaming industry and online gaming peers. This exposure to a broader market with extensive sector knowledge and familiarity is expected to contribute over time to a fuller and more appropriate valuation of our business. I am excited about this next chapter in our company’s development and I look forward to updating the market on our progress.”