Fortbet Holdings Limited reached an agreement to acquire remaining 19.8% stake in Fortuna Entertainment Group N.V. (WSE:FEG) from Franklin Templeton Investment Funds SICAV and others for CZK 1.9 billion on January 2, 2018. Fortbet offered CZK 182.5 per share. The offer price assumes no dividends over 2017 are paid in the period between the date of the agreement and the settlement date of the offer. An extraordinary general meeting will be convened before completion of the offer for shareholders to discuss the offer and vote on Fortuna making an application for delisting the Shares from the PSE and WSE following completion of the Offer. Following the settlement of the offer, if Fortbet and its affiliates hold 95% or more of Fortuna Entertainment’s aggregate issued and outstanding ordinary share capital Fortbet may commence a compulsory acquisition procedure or a takeover buy-out procedure to buy out the holders of shares that have not disposed of their shares under the offer. The Board of Fortuna Entertainment, based on fairness opinion issued to the Management Board, fully supports and recommends the offer for acceptance to the holders of the shares, and also recommends voting in favor of Fortuna making the delisting application. Neither the commencement nor the consummation of the offer is subject to any conditions. Fortuna Entertainment Group's Board has appointed a transaction committee consisting of Tom de Waard, Per Widerström and Boudewijn Wentink, to make recommendations to the Fortuna Entertainment Group Board in relation to the review of the offer. The subscription period will commence on January 23, 2018 and will end on February 23, 2018. On February 7, 2018, Fortuna Entertainment Board unanimously resolved to adopt the position as set out in the Position Statement. As on February 15, 2018, shareholders of Fortuna Entertainment Group adopted a proposal to delist Fortuna Entertainment. KPMG acted as financial advisor and Allen & Overy LLP, Amsterdam office acted as legal advisor to Fortuna. Clifford Chance LLP, Amsterdam acted as legal advisor to Fortbet. Pawel Rymarz of Weil, Gotshal & Manges LLP acted as legal advisor to Fortuna Entertainment Group N.V.