On October 2, 2019, The Stars Group Inc. and Flutter Entertainment PLC announced they had entered into the Arrangement Agreement providing for an all-share combination to be implemented through an acquisition of The Stars Group by Flutter pursuant to a plan of arrangement under the Business Corporations Act (Ontario). The Combination will bring together the businesses of the Company and Flutter (the “Combined Group”). Upon completion, it is intended that the Combined Group will have a 14-person board of directors comprised of: (i) Gary McGann, currently Chair of Flutter, who will assume the role of Chair of the Combined Group; (ii) Divyesh (Dave) Gadhia, currently Executive Chairman of the Company, who will assume the role of Deputy Chair of the Combined Group; (iii) Peter Jackson, currently CEO of Flutter, who will assume the role of CEO of the Combined Group; (iv) Jonathan Hill, currently CFO of Flutter, who will assume the role of CFO of the Combined Group; (v) Rafi Ashkenazi, currently CEO of the Company, who will assume the role of COO of the Combined Group and (vi) nine non-executive directors comprising five nominated by Flutter, three nominated by the Company and Richard Flint, former CEO of Sky Betting & Gaming.