PLUS 500 – MANDATORY CASH ACQUISITION
CORPORATE ACTION REFERENCE: 201501320
Please refer to the following information relating to a corporate event on the above security for which you have a holding.
The boards of Playtech and Plus500 have announced that they have reached agreement on the terms of a Recommended Cash Acquisition of the entire issued ordinary share capital of Plus500 by Playtech, such acquisition to be made by Brighttech investments S.A.
Under the terms of the acquisition, Plus500 shareholders will be entitled to receive 400 Pence in cash per Plus500 share.
As this is a Mandatory Cash Acquisition you will automatically receive the proceeds. However they will be subject to Israeli withholding tax which will be deducted from the proceeds due to you.
In order to reclaim any withholding tax we require you to complete a tax declaration form.
Download tax declaration [PDF, 112KB]
We require you to complete and return the tax form to us no later than 15 October 2015.
It will be your responsibility to ensure the correct completion of the form.
Please return the form to:
If we are not in receipt of your form by the deadline of 15 October 2015, or the form is not completed correctly, we will be unable to reclaim any withholding tax to which the Scheme may be subject.
We will aim to update your account within five business days of receiving the proceeds.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this page does not constitute investment or tax advice. If you are unsure of what action to take, or if you are in any doubt as to your tax position, please contact your financial advisor.
IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.