evoke (LSE:EVOK) says it is in discussions with Bally's Intralot S.A. regarding "a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share."
The company adds the Proposal is expected to comprise an all‑share combination with a partial cash alternative but cautions there is "no certainty that an offer will be made or as to the terms on which any offer might be made."
The board is evaluating the Proposal with financial advisers Morgan Stanley and Rothschild & Co. Shareholders are being told not to act on the Proposal at this stage.
Bally's Intralot has committed to either announce a firm intention to make an offer or state it does not intend to do so by 5.00 p.m. (London time) on 18 May 2026, a 28‑day timetable that can be extended with the company's consent.
