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The Intertain Group Limited Completes Plan of Arrangement with Jackpotjoy plc

Published: 01/25/2017

Team: Jeffrey P. Roy, Lindsay Clements, Jonathan Sherman

On January 25, 2017, The Intertain Group Limited and Jackpotjoy plc announced the completion of Intertain’s plan of arrangement pursuant to the terms of an arrangement agreement made as of August 17, 2016, as amended. The Jackpotjoy plc ordinary shares were admitted 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 and Intertain’s exchangeable shares issued pursuant to the plan of arrangement were listed for trading on the Toronto Stock Exchange.
Pursuant to the plan of arrangement, Intertain amalgamated with Intertain Holdings Inc. and Intertain ExchangeCo Limited amalgamated to form The Intertain Group Limited, now an indirect subsidiary of Jackpotjoy plc. Under the plan of arrangement’s exchangeable share structure, the former Intertain common shareholders received in exchange for each common share held by them either one Jackpotjoy plc ordinary share or, for those eligible Canadian resident shareholders who made a valid election, one exchangeable share issued by Intertain.
Cassels Brock acted as Canadian counsel in connection with these UK strategic initiatives, including the plan of arrangement and London listing, with a team composed of Jeffrey Roy, Lindsay Clements, Joel McElravy and Jonathan Sherman (Securities and Mergers & Acquisitions).