Cohn Robbins Holdings Corp. Shareholders Approve Business Combination with Allwyn Entertainment AG And SPAC Extension Proposal

WILMINGTON, Del., Sept. 07, 2022 (GLOBE NEWSWIRE) -- Cohn Robbins Holdings Corp. (NYSE:CRHC) ("CRHC") today announced that its shareholders of record as of August 15, 2022 have approved the previously announced business combination with Allwyn Entertainment AG ("Allwyn" or the "Company") (the "Business Combination"), a leading multinational lottery operator.
 

The Business Combination was supported by over 99.2% of the shares of CRHC voted at an extraordinary general meeting held on September 7, 2022. Approximately 66.7% of total outstanding shares voted.

Additionally, at a separate extraordinary general meeting held today, CRHC shareholders of record as of July 11, 2022 approved a proposal to extend the date by which CRHC must consummate its initial business combination from September 11, 2022, to December 11, 2022. With the approval, CRHC and Allwyn have additional flexibility to complete the Business Combination.

CRHC stated, "We appreciate the support of CRHC shareholders in approving the Business Combination with Allwyn. With the additional time our shareholders have provided, we are working diligently to complete the Business Combination with Allwyn as expeditiously as possible."

All proposals considered and voted upon by CRHC's shareholders at each of the extraordinary general meetings were approved. The formal results of the votes will be included in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission ("SEC") by CRHC.

For more information about the Business Combination, please visit www.cohnrobbins.com/investor-relations/ or see documents filed by Allwyn and CRHC with the SEC.