Wednesday February 11,2015 : I.G.T. SHAREHOLDERS APPROVE GTECH ACQUISITION PLAN
Overwhelmingly favourable vote from investors.
International Game Technology (IGT) announced Wednesday that at a special meeting of its shareholders the merger with GTech was overwhelmingly approved.
Specifically, the shareholders approved the Agreement and Plan of Merger by and among IGT, GTECH S.p.A., a joint stock company organized under the laws of Italy, GTECH Corporation, a Delaware corporation (”Gold US Sub”), Georgia Worldwide plc, a public limited company organized under the laws of England and Wales (”Holdco”) and Georgia Worldwide Corporation, a Nevada corporation, for the acquisition of IGT by GTech.
More than 99 percent of the votes represented and cast at the meeting, or approximately 72 percent of the total outstanding common stock eligible to vote as of the January 2, 2015 record date, were voted in favour of the Merger Agreement.
Approval of the Merger Agreement by IGT's shareholders satisfies one of the conditions required to close the transaction, which is still subject to certain closing conditions, including, but not limited to, the receipt of required gaming approvals.
IGT's Board of Directors has declared a cash dividend of $0.11 per share on its common stock. The dividend is payable on March 20, 2015 to shareholders of record on March 6, 2015.