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DE-LISTING AND CANCELLATION OF TRADING OF WILLIAM HILL PLC SHARES
Further to the announcement made by William Hill PLC ( William Hill ) on 22 April 2021, William Hill today announces that, following an application by William Hill, the Financial Conduct Authority has cancelled the listing of William Hill Shares on the premium listing segment of the Official List and the London Stock Exchange has cancelled the trading of William Hill Shares on the London Stock Exchange s main market for listed securities, in each case with effect from 8:00 a.m. (London time) today, 23 April 2021.
Capitalised terms used in this announcement shall, unless otherwise defined, have the meanings given to them in the Scheme Document published on 26 October 2020 in relation to the recommended cash offer by Caesars UK Holdings Limited (a wholly-owned subsidiary of Caesars Entertainment, Inc.) for the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesa
EU regulators reportedly scrutinize Binance over securities law compliance Shortly after the exchange launched stock token trading, German and British financial regulators are reportedly looking into whether the offering complies with securities laws. 6065 Total views News
Cryptocurrency exchange Binance s latest product digital stock tokens representing fractions of equity shares like Tesla and Coinbase is reportedly being studied by European and British regulators over its possible non-compliance with securities laws.
A new report from the Financial Times claims that regulators are concerned the tokens may not provide sufficiently transparent corporate disclosures, specifically an investment prospectus, that would be required if the tokens were judged to be securities. Germany s Federal Financial Supervisory Authority, or BaFin, told FT reporters that while it could not comment on the case specifically:
under Part 26 of the Companies Act 2006
Scheme of Arrangement Becomes Effective
On 30 September 2020, the boards of William Hill, Caesars UK Bidco and Caesars announced that they had reached agreement on the terms of a recommended cash acquisition pursuant to which Caesars UK Bidco shall acquire the entire issued and to be issued share capital of William Hill not already owned by or on behalf of the Caesars Group (the Acquisition ), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act (the Scheme ).
On 20 April 2021, William Hill announced that the High Court of Justice in England and Wales had sanctioned the Scheme following the Scheme Court Hearing held on 31 March 2021.
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