Inspired Entertainment Announces Pricing of Public Offering by Selling Stockholders

in Finance

NEW YORKJan. 18, 2018 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired" or the "Company") (NASDAQ: INSE) today announced the pricing on January 17, 2018 of a public offering of 4,500,000 shares of its common stock at $7.95per share. The selling stockholders consist of Landgame S.à.r.l., an entity controlled by funds managed by Vitruvian Partners LLP, and certain other selling stockholders (collectively, the "Selling Stockholders"). The underwriters will have a 30-day option to purchase up to an additional 675,000 shares from Landgame S.à.r.l. The Company will not issue shares in the offering and will not receive any proceeds from the sale of the shares by the Selling Stockholders in this offering. Settlement is scheduled for January 22, 2018, subject to customary closing conditions. 

Morgan Stanley is acting as sole bookrunning manager for the offering.

The offering was made pursuant to an effective registration statement and only by means of a prospectus supplement and accompanying prospectus. Copies of the preliminary prospectus supplement and, when available, the final prospectus supplement and the accompanying prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release shall not constitute a solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Inspired Entertainment, Inc.

Inspired is a global gaming technology company, supplying Virtual Sports, Mobile Gaming and Server Based Gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world. Inspired currently operates approximately 30,000 digital gaming terminals and supplies its Virtual Sports products through more than 40,000 retail channels and over 100 websites, in approximately 35 gaming jurisdictions worldwide. Inspired employs approximately 800 employees in the UK and elsewhere, developing and operating digital games and networks.

Forward-Looking Statements

Certain statements or other information set forth in this press release may relate to future events and expectations, and as such constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. The words "anticipate", "believe", "continue", "can", "could", "estimate", "expect", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "scheduled", "seek", "should", "would" and similar expressions, among others, and negatives expressions including such words, may identify forward-looking statements. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Actual results, performance, liquidity, financial condition, prospects and opportunities could differ materially from those expressed in, or implied by, our forward-looking statements. This could occur as a result of various risks and uncertainties, including the following: our ability to compete effectively in our industries; the effect of evolving technology on our business; our ability to renew long-term contracts and retain customers, and secure new contracts and customers; our ability to maintain relationships with suppliers; our ability to protect our intellectual property; government regulation of our industries; the outcome of the UK Government's ongoing triennial review of UK gaming regulation; our ability to successfully grow by acquisition as well as organically; our ability to attract and retain key members of our management team; our need for working capital; our ability to secure capital for growth and expansion; changing consumer, technology and other trends in our industries; our ability to successfully operate across multiple jurisdictions and markets around the world; changes in local, regional and global economic and political conditions; and other factors described in our Annual Report on Form 10-K for the year ended September 30, 2017 and our other filings with the SEC. In light of these risks and uncertainties, there can be no assurance that any matters covered by our forward-looking statements will develop as predicted, expected or implied. Readers should not place undue reliance on any forward-looking statements, which are made only as of the date of this press release. Except as expressly required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. We advise you to carefully review the reports and documents we file from time to time with the U.S. Securities and Exchange Commission.

 

SOURCE Inspired Entertainment, Inc.

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