London, September 15, 2022 /PRNewswire/ — International Game Technology PLC (NYSE:IGT) (“IGT”) today announced that its wholly owned subsidiary, IGT Lottery SpA, will acquire its Italian proximity payment business to PostePay SpA’s Patrimonio Destinato IMEL for €700 million. announced the sale. .

The negotiated sale price represents an enterprise value of €630 million and net unrestricted cash of approximately €70 million. At closing, the business held approximately €140 million in unrestricted cash. The unlimited cash growth is primarily due to the timing of vendor payments and the operating cash flow generated since then. December 31, 2021. IGT will use transaction proceeds primarily to pay transaction costs and reduce debt.

UBS AG acted as lead financial advisor and impartial opinion provider to IGT and UniCredit SpA acted as financial advisor to IGT. Advant-Nctm acted as his legal advisor to IGT and KPMG acted as his financial due diligence and tax advisor to IGT.

About IGT
IGT (NYSE:IGT) is the world leader in gaming. From lotteries and gaming consoles to sports betting and digital, we provide players across all channels and regulated segments with a fun and responsible gaming experience. Leveraging a wealth of compelling content, heavy investment in innovation, player insight, operational expertise and cutting-edge technology, our solutions deliver unparalleled gaming experiences that engage players and drive growth. provide. With a strong presence and relationships with governments and regulators in more than 100 countries around the world, we create value by adhering to the highest standards of service, integrity and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.IGT.com.

Cautionary Note Regarding Forward-Looking Statements
In this news release, IGT and its consolidated subsidiaries (“CompanyThese statements may be discussed based on the goals, intentions, expectations or other current beliefs of the company’s management regarding future plans, trends, events, dividends, results of operations, financial condition or otherwise. Forward-looking statements may include statements such as “purpose,” “expect,” “believe,” “plan,” “could,” “will,” “should,” “should,” continue”, “estimate”, “expect”, “predict”, “future”, “guidance”, “intend”, “could”, “will”, “could”, “may,” “predict,” “predict,” or negative or other variations thereof. These forward-looking statements speak only as of the date such statements are made and are subject to various risks and uncertainties, many of which are beyond our control. If one or more of these risks or uncertainties materialized, or if any of the underlying assumptions proved incorrect, actual results would not be expected in the forward-looking statements and past results, performance or achievements may differ materially. Therefore, undue reliance should not be placed on such statements. Factors that could cause actual results to differ materially from the forward-looking statements include those described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2021 and Risks include (but are not limited to): Other documents filed with the SEC from time to time are available on the IR section of the SEC’s website at www.sec.gov and our website at www.IGT.com. We undertake no obligation to update these forward-looking statements, except as required by applicable law. You should carefully consider these factors and other risks and uncertainties that affect your business. All forward-looking statements contained in this news release are fully qualified by this cautionary statement. All subsequent written or oral forward-looking statements made by International Game Technology PLC or anyone acting on its behalf are expressly qualified in their entirety by this cautionary statement.

contact address
Phil O’ShaughnessyGlobal Communications, toll-free within the United States/Canada +1 (844) IGT-7452 and outside the US/Canada +1 (401) 392-7452
Francesco LutiItalian media inquiries +39 06 5189 9184
James HurleyInvestor Relations, +1 (401) 392-7190

SOURCE International Game Technology PLC