Allwyn and OPAP amend merger terms to replace preference shares with ordinary shares

Allwyn and OPAP amended their proposed business-combination terms so Allwyn would receive ordinary shares in OPAP for contributing its assets and liabilities, rather than preference shares with enhanced voting rights. They said investor feedback prompted the change; Allwyn’s expected economic interest remains 78.5%, while KKCG’s voting interest would fall from 85.0% to 75.1%. OPAP shareholders are due to vote on the proposal on 7 January 2026.