NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART)
IN, INTO OR FROM ANY RESTRICTED JURISDICTION
FOR IMMEDIATE RELEASE
SANTA MONICA, Calif.--(BUSINESS WIRE)--
Activision Blizzard, Inc. (Nasdaq:ATVI) announced today that in relation
to the Company's proposed acquisition of King Digital Entertainment plc
through its wholly owned subsidiary ABS Partners C.V., previously
announced on November 2, 2015, ABS Partners C.V. and King Digital
Entertainment plc have jointly despatched proposals to the holders of
convertible securities (for example, stock options) of King Digital
Entertainment plc in accordance with the requirements of Rule 15 of the
Irish Takeover Rules together with the form of acceptance for each
proposal (the "Proposal Documents"). The Proposal Documents are
being made available for inspection on activisionblizzard.acquisitionoffer.com
in accordance with Rule 26 of the Irish Takeover Rules. For the
avoidance of doubt, the content of such website is not incorporated
into, and does not form part of, this announcement.
Responsibility for this Announcement
The directors of Activision Blizzard, Inc. and the sole manager of
ABS Partners I, LLC (in its capacity as the general partner of ABS
Partners C.V., a wholly-owned subsidiary of Activision Blizzard, Inc.
formed for the purpose of acquiring King Digital Entertainment plc)
accept responsibility for the information contained in this
announcement. To the best of the knowledge and belief of the directors
of Activision Blizzard, Inc. and the sole manager of ABS Partners I, LLC
(in its capacity as the general partner of ABS Partners C.V.) (who have
taken all reasonable care to ensure that such is the case), the
information contained in this announcement is in accordance with the
facts and does not omit anything likely to affect the import of such
information.
Disclosure Requirements for Certain Holders of King Digital
Entertainment plc Securities
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any
person is, or becomes, "interested" (directly or indirectly) in, 1% or
more of any class of "relevant securities" of King Digital Entertainment
plc, all "dealings" in any "relevant securities" of King Digital
Entertainment plc (including by means of an option in respect of, or a
derivative referenced to, any such "relevant securities") must be
publicly disclosed by not later than 3:30 pm ET/New York time on the
"business day" following the date of the relevant transaction. This
requirement will continue until the offer period ends. If two or more
persons co-operate on the basis of any agreement, either express or
tacit, either oral or written, to acquire an "interest" in "relevant
securities" of King Digital Entertainment plc, they will be deemed to be
a single person for the purpose of Rule 8.3 of the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules, all
"dealings" in "relevant securities" of King Digital Entertainment plc by
Activision Blizzard, Inc. or ABS Partners C.V. or by any party acting in
concert with it, must also be disclosed by no later than 12 noon ET/New
York time on the "business" day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed, can be found on
the Irish Takeover Panel's website at www.irishtakeoverpanel.ie.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in the
price of securities. In particular, a person will be treated as having
an "interest" by virtue of the ownership or control of securities, or by
virtue of any option in respect of, or derivative referenced to,
securities.
Terms in quotation marks are defined in the Irish Takeover Rules,
which can also be found on the Irish Takeover Panel's website.
If you are in any doubt as to whether or not you are required to
disclose a dealing under Rule 8, please consult the Irish Takeover
Panel's website at www.irishtakeoverpanel.ie
or contact the Irish Takeover Panel on telephone number +353 1 678 9020
or fax number +353 1 678 9289.
Publication on Website
A copy of the announcement will be made available by Activision
Blizzard free of charge, subject to certain restrictions relating to
persons in restricted jurisdictions, on activisionblizzard.acquisitionoffer.com
by no later than 12 noon ET/New York time on December 8, 2015.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151207006246/en/
Activision Blizzard
Amrita Ahuja
SVP, Investor Relations
+1
310 255 2075
Amrita.Ahuja@ActivisionBlizzard.com
Source: Activision Blizzard, Inc.
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