GTECH to de-list from Milan exchange on 2 April

GTECH SpA governance has announced that its shares are to be de-listed on from the Milan bourse on 2 April, following its expected completion of US International Game Technology on 7 April.

GTECH will form a new company under the name IGT, as the new merged gambling technology operator expects to float on the New York Stock Exchange.

The announcement was made by Group CFO Alberto Fornaro, during GTECH’s conference call to investors on Monday 9 March.

GTECH released the following statement regarding its IGT acquisition

Following payment on January 21, 2015 of the interim dividend as of November 30, 2014, no additional dividend payment shall be proposed to the Annual General Meeting, whose call remains subject to the failure to consummate, within the first half-year period, the cross-border merger of the Company into International Game Technology PLC (formerly Georgia Worldwide PLC), in connection with the acquisition of IGT.

To this aim, the Company and International Game Technology PLC intend to file an application with the High Court of England & Wales for the cross-border merger to take effect on April 7, 2015.