Explanatory Note
This Amendment No. 1 (this “Amendment No. 1”) amends and supplements the Statement on Schedule 13D originally filed by the
Reporting Persons with the Securities and Exchange Commission on July 11, 2022 (the “Original Schedule 13D”), with respect to the ordinary shares, no par value (the "Ordinary Shares"), of NeoGames S.A., a company organized under the
laws of the Grand Duchy of Luxembourg ("NeoGames" or the "Issuer"). The address of the principal executive office of NeoGames is 10 Habarzel St., Tel Aviv 6971014, Israel. Unless otherwise indicated, each capitalized term used but not
defined herein shall have the meaning assigned to such term in the Original Schedule 13D.
Item 4. Purpose of
Transaction.
Item 4 is hereby amended by addition of the following:
SDRs Adjustment Related to the Public
Takeover of Aspire Global
On September 22, 2022, in
connection with the settlement of NeoGames’ public takeover of Aspire Global, an adjustment was made to the number of SDRs and cash that each of the founders received in exchange for tendering all of their shares in Aspire Global. As a result of
such adjustment, each of the Reporting Persons received the following additional SDRs: (i) Mr. Matalon received an additional 19,499 SDRs; (ii) Mr. Zahavi received an additional 12,219 SDRs; (iii) Mr. Azur received an additional
12,138 SDRs; and (iv) Mr. Aran received an additional 4,855 SDRs. For each of the Reporting Persons, an equivalent amount in cash was deducted from the final
consideration he otherwise would have received in the settlement.
Amended Voting Agreement
On September 13, 2022, the Reporting Persons signed an Amendment and Restatement Agreement to the Voting Agreement (the "Amended
Voting Agreement"), pursuant to which Mr. Zahavi assigned all his voting authority under the agreement to Mr. Azur, with such assignment to cease to apply from the date on which Mr. Zahavi holds less than 5% of the Ordinary Shares
outstanding.
Waiver of Voting Rights Letter
On September 13, 2022, Mr. Zahavi provided a letter to the Issuer, pursuant to the Luxembourg Company Law, indefinitely and irrevocably waiving all
of his voting rights attached to his Ordinary Shares and undertaking towards the Issuer not to exercise voting rights attached to any Ordinary Shares that he may hold, including any Ordinary Shares he may acquire in the future (the "Waiver of
Voting Rights Letter"). The waiver will automatically terminate from the date on which Mr. Zahavi holds less than 5% of the Ordinary Shares outstanding.
Sworn Affidavit
On September 15, 2022, Mr. Zahavi provided a sworn affidavit to the Issuer (the "Sworn Affidavit") declaring that (i) he
is currently in the process of reducing his holdings of Ordinary Shares in the Issuer to below 5%, (ii) after such reduction, he will maintain no more than 5% holdings of Ordinary Shares in the Issuer, (iii) the reduction is anticipated to occur by
sales on the open market and/or by way of share transfer to third parties or to his adult independent children or minor children (in which case with minor children the Ordinary Shares shall be held by a trustee independent of Mr. Zahavi), (iv) he
will waive his voting rights under Luxembourg law, and undertake towards the Issuer not to exercise voting rights attached to any Ordinary Shares that he may hold, with such waiver terminating on the date on which Mr. Zahavi holds less than 5% of
the Ordinary Shares of the Issuer, and (v) he has agreed along with the other Reporting Persons to amend the Voting Agreement to assign all his voting authority under such agreement to Mr. Azur, with such assignment terminating from the date on
which Mr. Zahavi holds less than 5% of the Ordinary Shares of the Issuer.
The foregoing descriptions of the Amended Voting Agreement,Waiver of Voting Rights Letter and Sworn Affidavit do not purport to
be complete and are qualified in their entirety by reference to the full text of such agreements, which are filed as exhibits hereto and incorporated herein by reference.
Item 5. Interest in
Securities of the Issuer.
Item 5 is hereby amended and restated in its entirety:
(a) and (b)
As of the date hereof, Mr. Matalon directly holds 5,109,948 Ordinary Shares and 2,806,329 Ordinary Shares underlying SDRs, which
represent approximately 27.9% of the number of Ordinary Shares outstanding, based on 25,593,434 Ordinary Shares outstanding as of September 30, 2022 as provided by the Issuer.1 Mr. Matalon has the sole power to dispose of, or direct the
disposition of, the Ordinary Shares held directly by him. In addition, as a result of the Voting Agreement and the Amended Voting Agreement as described above, Mr. Matalon has the shared power to vote, or direct the voting of, an aggregate of
19,785,564 Ordinary Shares that the Reporting Persons may be deemed to share beneficial ownership of, which represent approximately 60.7% of the number of Ordinary Shares outstanding.
As of the date hereof, Mr. Zahavi directly holds 3,193,717 Ordinary Shares and 1,758,614 Ordinary Shares underlying SDRs, which
represent approximately 18.1% of the number of Ordinary Shares outstanding, based on 25,593,434 Ordinary Shares outstanding as of September 30, 2022 as provided by the Issuer.2 Mr. Zahavi has the sole power to dispose of, or direct the
disposition of, the Ordinary Shares held directly by him. Pursuant to the Amended Voting Agreement, Mr. Zahavi does not maintain voting power over the Ordinary Shares that the other Reporting Persons may be deemed to share beneficial ownership of,
which represent approximately 60.7% of the number of Ordinary Shares outstanding.
As of the date hereof, Mr. Azur directly holds 3,193,717 Ordinary Shares and 1,746,967 Ordinary Shares underlying SDRs, which
represent approximately 18.1% of the number of Ordinary Shares outstanding, based on 25,593,434 Ordinary Shares outstanding as of September 30, 2022 as provided by the Issuer.3 Mr. Azur has the sole power to dispose of, or direct the
disposition of, the Ordinary Shares held directly by him. In addition, as a result of the Voting Agreement and the Amended Voting Agreement as described above, Mr. Azur has the shared power to vote, or direct the voting of, an aggregate of
19,785,564 Ordinary Shares that the Reporting Persons may be deemed to share beneficial ownership of, which represent approximately 60.7% of the number of Ordinary Shares outstanding.
As of the date hereof, Mr. Aran directly holds 1,277,486 Ordinary Shares and 698,786 Ordinary Shares underlying SDRs, which
represent approximately 7.5% of the number of Ordinary Shares outstanding, based on 25,593,434 Ordinary Shares outstanding as of September 30, 2022 as provided by the Issuer.4 Mr. Aran has the sole power to dispose of, or direct the
disposition of, the Ordinary Shares held directly by him. In addition, as a result of the Voting Agreement and the Amended Voting Agreement as described above, Mr. Aran has the shared power to vote, or direct the voting of, an aggregate of
19,785,564 Ordinary Shares that the Reporting Persons may be deemed to share beneficial ownership of, which represent approximately 60.7% of the number of Ordinary Shares outstanding.
Each Reporting Person disclaims beneficial ownership of any securities beneficially owned by any other Reporting Person.
(c) Except as set forth in this Amendment No. 1, to the best knowledge of the Reporting Persons, none of the Reporting Persons
has engaged in any transaction during the past 60 days with respect to any Ordinary Share.
(d) No person, other than the Reporting Persons, has the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the shares of Ordinary Shares referred to in this Item 5.
(e) Not applicable.
1 Assuming conversion of all of the Company's outstanding SDRs into Ordinary Shares, Mr. Matalon would hold 23.6% of the 33,481,938
Ordinary Shares outstanding.
2 Assuming conversion of all of the Company's outstanding SDRs into Ordinary Shares, Mr. Zahavi would hold 14.8% of the 33,481,938
Ordinary Shares outstanding.
3 Assuming conversion of all of the Company's outstanding SDRs into Ordinary Shares, Mr. Azur would hold 14.8% of the 33,481,938 Ordinary
Shares outstanding.
4 Assuming conversion of all of the Company's outstanding SDRs into Ordinary Shares, Mr. Aran would hold 5.9% of the 33,481,938 Ordinary
Shares outstanding.
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
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Item 6 is hereby amended by addition of the following:
Except for the Amended Voting Agreement, the Waiver of Voting Rights Letter and the Sworn Affidavit described in Item 4 above,
which are incorporated by reference into this Item 6, none of the Reporting Persons or Related Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with respect to any securities of the
Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning the transfer or voting of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of
profits, division of profits or losses, or the giving or withholding of proxies.
Item 7. Material to be
Filed as Exhibits.
Item 7 is hereby amended and restated in its entirety:
The following Exhibits are filed herewith:
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1 |
Joint Filing Agreement by and among the Reporting Persons, dated as of July 11, 2022 (incorporated herein by reference to Exhibit 1 of the Original Schedule 13D).
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2 |
Voting Agreement by and among the Reporting Persons, dated as of November 17, 2020 (incorporated herein by reference to Exhibit 2 of the Original Schedule 13D).
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Signatures
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement
is true, complete and correct.
Dated: October 6, 2022