Notification of Transaction by a Person Discharging Managerial Responsibilities

Rhea-AI Summary

On March 24, 2023, International Game Technology PLC (NYSE: IGT) announced that its Non-Executive Director, Marco Drago, sold $1,814,000 of 6.500% Senior Secured Notes due February 15, 2025, on March 17, 2023. The transaction had an aggregate value of $1,823,070. This disposal reflects ongoing financial management and the company's commitment to regulatory transparency under the Market Abuse Regulation. The company maintains a strong presence in the global gaming market, leveraging technology and insights to deliver innovative gaming solutions.

Positive

• Regulatory compliance through transparent disclosure of director's transactions.
• Significant management of financial instruments indicating ongoing financial strategies.

Negative

• None.

LONDON, March 24, 2023 /PRNewswire/ -- International Game Technology PLC (the "Company") (NYSE: IGT) today announced that on March 22, 2023, the Company was notified by its Non-Executive Director, Mr. Marco Drago, that on March 17, 2023 he disposed of the principal amount of $1,814,000 of the $1,100,000,000 6.500% Senior Secured Notes due February 15, 2025 (Rule 144A:  ISIN/CUSIP US460599AC74/460599 AC7 and Regulation S:  ISIN/CUSIP USG4863AAC20/G4863A AC2) for an aggregate value of $1,823,070.

The notification of dealing form for the transaction is included below.

[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	MARCO DRAGO
2	Reason for the notification
a)	Position/status	NON EXECUTIVE DIRECTOR
b)	Initial Notification Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	INTERNATIONAL GAME TECHNOLOGY PLC
b)	LEI	549300UQ6KHRCZDRGZ76
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Senior Secured Dollar Notes due 2025 IGT 6 ½ 02/15/25 Corp (USG4863AAC20)
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price	Volume (Nominal)
		100.5	1'814'000
d)	Aggregated information — Aggregated volume — Price	Nominal 1'814'000 price 100.5
e)	Date of the transaction	2023-03-17 15:04:09
f)	Place of the transaction	Outside a trading venue
g)	Additional Information

About IGT

IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 jurisdictions around the world, and 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 Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning International Game Technology PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, dividends, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) the factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2022 and other documents filed from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.IGT.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that affect the Company's business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to International Game Technology PLC, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:

Phil O'Shaughnessy, Global Communications, toll free in U.S./Canada +1 (844) IGT-7452; outside U.S./Canada +1 (401) 392-7452
Francesco Luti, Italian media inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1 (401) 392-7190

© 2023 IGT

The trademarks and/or service marks used herein are either trademarks or registered trademarks of IGT, its affiliates or its licensors.

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SOURCE International Game Technology PLC

FAQ

What transaction did Marco Drago report on March 24, 2023, regarding IGT?

Marco Drago reported the disposal of $1,814,000 of 6.500% Senior Secured Notes due February 15, 2025, on March 17, 2023.

What was the aggregate value of the transaction reported by Marco Drago?

The aggregate value of the transaction was $1,823,070.

When was International Game Technology PLC notified about Marco Drago's transaction?

The company was notified about Marco Drago's transaction on March 22, 2023.

What does the transaction by Marco Drago signify for IGT's governance?

The transaction signifies IGT's commitment to regulatory transparency and good governance practices.