Issuing a corporate statement Intertain Group Limited (Intertain), has announced that it expects its full listing on the London Stock Exchange under new entity ‘Jackpotjoy Plc’ to take place on Wednesday 25 June.
The company had first announced its intention to migrate its corporate listing from the Toronto TSX to London’s LSE in August 2016.
Presenting plans to its investors, Intertain’s governance led by new CEO Andrew McIver stated that the strategic decision was made in order to bring the company closer to its main European markets thus making Jackpotjoy assets more attractive to long-term igaming investors.
Ahead of its London exchange listing, Intertain governance has allowed investors to exchange their Toronto TSX shares with a new common share issuance in Jackpotjoy Plc, setting a 20 January deadline in which to fulfil the transactions.
Updating investors Andrew McIver, Intertain’s President and CEO, commented on the planned LSE listing; “We are excited to have reached this milestone in the implementation of our UK strategic initiatives, including the London listing of Jackpotjoy plc. We believe that these initiatives will provide a platform to further develop Intertain’s core assets for the long term benefit of the company, its shareholders and other stakeholders.”
Canaccord Genuity Corp has acted as financial advisor for Intertain Group’s LSE listing.