WILMINGTON, Del., Sept. 7, 2022 (GLOBE NEWSWIRE) — Cohn Robbins Holdings Corp. (NYSE:CRHC) (“CRHC”) today announced that its shareholders of record as of August 15, 2022, announced that it has approved a previously announced business. Merger (“Business Combination”) with Allwyn Entertainment AG (“Allwyn” or “we”), a leading multinational lottery operator.
The business combination was supported by over 99.2% of CRHC’s shares voted at the Extraordinary General Meeting of Shareholders held on September 7, 2022. Approximately 66.7% of the total number of shares outstanding voted.
In addition, at another extraordinary shareholders’ meeting held today, CRHC’s shareholders registered as of 11 July 2022 confirmed the date by which CRHC must complete its first business combination as 11 September 2022. Approved the proposal to extend from date to December 11, 2022. CRHC and Allwyn have additional flexibility to complete the business combination.
CRHC said: We are working diligently to complete the business combination with Allwin as quickly as possible with the additional time provided by our shareholders. ”
All proposals considered and voted on by CRHC shareholders at each Extraordinary General Meeting were approved. The official results of the voting will be included in the current report on Form 8-K filed by the CRHC with the U.S. Securities and Exchange Commission (“SEC”).
For more information on the business combination, please visit www.cohnrobbins.com/investor-relations/ or see the documents filed by Allwyn and CRHC with the SEC.
About Alwyn
Allwyn is the world’s leading lottery operator, growing stakes to €19 billion in just 10 years. Allwyn focuses on innovation, technology, efficiency and safety across its expanding casual gaming entertainment portfolio to build lotteries that bring more profit. With a lottery-first approach focused on affordable recreational play, Alwyn has achieved a market-leading position with trusted brands across Europe in Austria, Czech Republic, Greece, Cyprus and Italy. increase. In March 2022, Allwyn Entertainment Ltd was named a priority applicant for a license to operate the UK National Lottery, one of the largest lotteries in the world. License he is valid for 10 years from February 2024.
About Korn Robbins Holdings
Founded in 2020 and listed on the NYSE, Cohn Robbins Holdings Corp. is co-chaired by Gary D. Cohn and Clifton S. Robbins. Mr. Cohn was Vice Chairman of his IBM and from January 2017 to April 2018, from 2006 to 2016 he served as President, Chief Operating Officer and Director of Goldman Sachs Group. Mr. Robbins is a global growth investor from 2004 until 2020. He is the founder and CEO of Blue Harbor Group, and from 2000 until 2004 he is managing General Atlantic Partners. Member, Kohlberg Kravis Roberts & Co. served from 1987 to 2000.
contact address
media contact:
Adam Weiner
Arrowpath Advisors of Korn Robbins Holdings Corporation
CRHCmedia@arrowpath.com
+1 212 596 7700
Dana Dvorakova at Allwyn Entertainment
dana.dvorakova@allwynent.com
Investor contact:
allwyn.ir@icrinc.com
IR@allwynent.com
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 regarding the business combination between CRHC and Allwyn. “expect”, “estimate”, “plan”, “budget”, “forecast”, “expect”, “intend”, “plan”, “could”, “will” , “could”, “should”, etc. words such as “believe”, “predict”, “potential”, “continue”, “strategy”, “future”, “opportunity”, “da Words such as “will”, “believe”, “seek”, “outlook” and similar expressions identify such forward-looking statements. Forward-looking statements are forecasts, projections and other statements about future events that are based on current expectations and assumptions and are subject to the risk that actual results may differ materially from those expected. Subject to uncertainty. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to act as guarantees, guarantees, projections or conclusive statements of fact or possibility and are not relied upon by investors. should not be. Actual events or circumstances may be difficult or impossible to predict and differ from assumptions. These forward-looking statements include, but are not limited to, Allwyn’s and CRHC’s expectations regarding the expected financial impact of the business combination, the satisfaction of the closing conditions of the business combination, and the timing of the closing of the business combination. It will not be. CRHC’s Form S-1 Registration Statement (File No. 333-240277), Form 10-K Annual Report, risks and uncertainties described in the Risk Factors section should be carefully considered. I have. Quarterly Report on Form 10-Q for the fiscal year ended December 31, 2021 and subsequent quarters and registration statement filed by Allwyn. These filings identify and address other important risks and uncertainties that could cause actual events or results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the control of Allwyn and her CRHC and are difficult to predict. A number of factors could cause actual future events to differ from the forward-looking statements in this document. This includes (1) the consequences of legal proceedings that he may bring against CRHC or Allwyn after the announcement of the business combination; (2) the inability to complete the business combination, including the inability to consummate the business combination and the private placement of common stock at the same time, or to obtain the approval of CRHC’s shareholders; (3) the risk that the business combination may not be completed by his CRHC’s business combination deadline and the possibility of failing to obtain an extension of such deadline as requested by CRHC; (4) failing to meet the conditions for consummation of the business combination, including approval by CRHC’s shareholders and satisfaction of a minimum trust account amount after redemption by CRHC’s general shareholders; (5) the occurrence of events, changes or other circumstances that may lead to the termination of the business combination agreement; (6) the risk that the business combination will disrupt current plans and operations as a result of the consummation of the business combination; (7) inability to recognize the expected benefits of the business combination; This may be affected by, among other things, competition, the ability of the combined company to grow and manage profitably, maintain relationships with customers and suppliers, and retain key employees. (8) business combination costs; (9) changes in applicable laws or regulations; (10) the possibility that the combined company will be adversely affected by other economic, business and/or competitive factors; (11) recession risks and changes in regulatory conditions in the industries in which Allwyn operates; (12) Allwyn’s ability to obtain or maintain a right or license to operate in any market in which Allwyn operates or intends to operate in the future; (13) Allwyn’s inability to raise additional capital necessary to pursue its business objectives or achieve other cost efficiencies; (14) Enforceability of Allwyn’s intellectual property, including patents, and potential infringement of the intellectual property rights of others, cybersecurity risks, or potential breaches of data security; (15) in the CRHC’s registration statement on Form S-1 and annual report on Form 10-K for the fiscal year ended December 31, 2020 (as amended from time to time) and quarterly reports on subsequent forms; Other Risks and Uncertainties Described in 10-Q and Registration Statement. Allwyn and CRHC caution that the foregoing list of factors is not exclusive or exhaustive and that they do not place undue reliance on forward-looking statements, which speak only as of the date they are made. NEITHER ALLWYN NOR HER CRHC GUARANTEE THAT ALLWYN OR CRHC WILL MEET ITS EXPECTATIONS. Neither Allwyn nor CRHC undertakes any obligation to publicly provide or accept any revision or update to any forward-looking statement, whether as a result of new information, future developments or otherwise, or if circumstances change. .
Source: Cohn Robbins Holdings Corp.
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