Company: BRSL
Filing Date: 2025-02-25
Form Type: 20-F
Source: 0001619762-25-000007
Chunk: 88

Company: Brightstar Lottery PLC
Filing Date: 2025-02-25
Form: 20-F
Item: Item 9
Chunk 88
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3, the Observer Agreement was renewed for a new two (2) year term and Alessandro Vergottini, the Chief Financial Officer of De Agostini, acknowledged and agreed to his renewed appointment by De Agostini as an observer pursuant to the terms of the Observer Agreement. The Observer Agreement will expire following the meeting of the Board at which the financial results for the third quarter of 2025 are reviewed.

Related Party Agreements

For a discussion of the Company’s related party transactions, including additional transactions with De Agostini, please see “ Notes to the Consolidated Financial Statements - 24. Related Party Transactions” included in “ Item 18. Financial Statements”.

Compensation Arrangements

For a description of compensation arrangements with the Parent’s directors and executive officers, please see “ Item 6. Directors, Senior Management, and Employees - B. Compensation.”

Financing

For a description of the Company’s outstanding financing agreements, please see section “ Item 5. B. Liquidity and Capital Resources.”

D. Exchange Controls

Other than applicable taxation, anti-money laundering, and counter-terrorist financing law and regulations and certain economic sanctions which may be in force from time to time, there are currently no English laws or regulations, or any provision of the Articles, which would prevent the transfer of capital or remittance of dividends, interest, and other payments to holders of the Parent’s securities who are not residents of the U. K. on a general basis.

E. Taxation

Material U. S. Federal Income Tax Considerations

This section summarizes certain material U. S. federal income tax considerations regarding the ownership and disposition of the Parent’s ordinary shares by a U. S. holder (as defined below). This summary is based on U. S. federal income tax law, including the Internal Revenue Code of 1986, as amended (the “ Code”), the Treasury regulations promulgated thereunder, administrative guidance and court decisions in effect on the date hereof, all of which are subject to change, possibly with retroactive effect, and to differing interpretations. No ruling from the Internal Revenue Service (the “ IRS”) has been sought with respect to any U. S. federal income tax considerations described below, and there can be no assurance that the IRS or a court will not take a contrary position. The discussion assumes that the Parent’s shareholders hold their ordinary shares, as “capital assets” within the meaning of Section 1221 of the Code (generally, property held for investment). This