FL Entertainment successfully completes business combination with Pegasus Entrepreneurs and lists on Euronext Amsterdam
01 Juli 2022 - 08:00AM
FL Entertainment successfully completes business combination with
Pegasus Entrepreneurs and lists on Euronext Amsterdam
THIS PRESS RELEASE CONTAINS INFORMATION THAT QUALIFIES OR MAY
HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE
7(1) OF THE EU MARKET ABUSE REGULATION.
FL Entertainment
successfully completes business combination with Pegasus
Entrepreneurs and lists on Euronext
Amsterdam
AMSTERDAM –
1st July
2022 / FL Entertainment N.V. (“FL
Entertainment” or “FLE”), a global leader in independent
content production and the fastest-growing online sports betting
platform in Europe through its Banijay Group1 and Betclic
Everest Group2 businesses, has completed its business
combination with Pegasus Entrepreneurial Acquisition Company Europe
B.V. (''Pegasus Entrepreneurs'').
FL Entertainment’s first day of trading on
Euronext Amsterdam will be 1st July 2022 (today) under the symbol
FLE for Ordinary Shares and FLEW for Warrants.
François Riahi, CEO of FL Entertainment,
said: “Today marks an important milestone
for FL Entertainment as we become a listed company on Euronext
Amsterdam. With solid funding, supportive long-term shareholders
and great teams, we are in a unique position to continue
strengthening our leadership positions and seizing growth
opportunities. We are very much looking forward to building on this
new chapter to continue creating value to the benefit of all our
stakeholders”.
A prospectus relating to the admission to trading of FL
Entertainment shares on Euronext Amsterdam has been approved by the
Dutch Authority for Financial Markets (the "AFM")
on 1st July 2022 and has been published on FL Entertainment's
website
(https://fl-entertainment.com/wp-content/uploads/2022/06/prospectus.pdf).
The FL Entertainment team will ring the opening
bell at Euronext Amsterdam at 09.00 CET on 1st July 2022. A live
stream of the event and replay can be accessed via this
https://channel.royalcast.com/landingpage/euronextadamgong/20220701_1/.
--
About FL Entertainment:
www.fl-entertainment.com
FL Entertainment is a global entertainment
leader led by Stéphane Courbit, a 30-year entertainment industry
pioneer and entrepreneur, and François Riahi. Through its
businesses, Banijay Group and Betclic Everest Group, FL
Entertainment is a leader in attractive and high growth market
segments, as the largest independent content producer globally and
the fastest-growing sports betting platform in Europe. For the year
ended 31st December 2021, Banijay and Betclic Everest Group
recorded combined revenue and Adjusted EBITDA of respectively €3.5
billion and €609 million.
Contact FL EntertainmentGeneral enquiries:
info@flentertainment.com
Media enquiries: Image 7: Anne-France Malrieu,
Tel: +33 (0)1 53 70 74 70
IMPORTANT LEGAL INFORMATION
This announcement is for information purposes
only. The information contained in this announcement does not
purport to be full or complete and, in particular, does not contain
all the information that should be considered concerning the
business combination between Pegasus Entrepreneurs and FL
Entertainment pursuant to a business combination agreement between
Pegasus Entrepreneurs, FL Topco B.V. and Financière Lov S.A.S. (the
"Business Combination"), and is not intended to form the basis of
any investment decision or any other decision in respect of the
Business Combination. No reliance may be placed by any person for
any purpose on the information contained in this announcement or
its accuracy, fairness or completeness. Pegasus Entrepreneurs and
FL Entertainment will not be held liable for any loss or damages of
any nature ensuing from using, trusting or acting on information
provided. This announcement does not constitute, and should not be
construed as, an offer to sell or a solicitation of any offer to
purchase the ordinary shares of FL Entertainment and is not a
recommendation to engage in any investment activities.
This announcement does not constitute a
prospectus or shareholder circular. Before making any voting or
other investment decisions, shareholders of FL Entertainment and
other interested persons are advised to read the shareholder
circular, all relevant EGM documentation (including the articles of
association for the Business Combination) and the FL Entertainment
prospectus dated 1st July 2022, that are made available by Pegasus
Entrepreneurs and FL Entertainment, respectively, as these
materials will contain important information about Pegasus
Entrepreneurs, FL Entertainment and the Business Combination.
This announcement may include forward-looking
statements, which are based on FL Entertainment's current
expectations and projections regarding the Business Combination,
the business, the economy and other future conditions of FL
Entertainment, and speak only as of the date hereof. These
forward-looking statements may be identified by the use of forward
looking terminology, including the terms ''believes'', "aims",
"forecasts", "continues", ''estimates'', ''plans'', ''projects'',
''anticipates'', ''expects'', ''intends'', ''may'', ''will'' or
''should'' or, in each case, their negative or other variations or
comparable terminology, or by discussions of strategy, plans,
objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results.
Any forward-looking statements reflect the current view of FL
Entertainment with respect to future events and are subject to
risks relating to future events and other risks, uncertainties and
assumptions relating to FL Entertainment's business, results of
operations, financial position, liquidity, prospects, growth or
strategies. Forward-looking statements speak only as at the date at
which they are made and FL Entertainment undertakes no obligation
to update these forward-looking statements.
1 Banijay together with its subsidiaries.2 Betclic together with
its subsidiaries, including Bet-at-home.
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