Playtech PLC Sale of holding in Plus500 Ltd (0619A)
September 07 2018 - 1:00AM
UK Regulatory
TIDMPTEC
RNS Number : 0619A
Playtech PLC
07 September 2018
Playtech PLC
Sale of holding in Plus500 Ltd
Playtech plc ("Playtech") announces that it has sold its entire
holding of approximately 11.4 million ordinary shares in Plus500
Ltd ("Plus500") at a price of 1,550 pence per ordinary share,
realising gross proceeds of approximately GBP176 million
(equivalent to approximately EUR196 million).
The proceeds from the sale will be used for general corporate
purposes and debt reduction.
The sale will not impact Playtech's entitlement to the interim
dividend announced by Plus500 on 13 August 2018, equivalent to
approximately $16 million.
The stake represents approximately 9.99% of Plus500's issued
share capital. The sale is expected to settle on a T+2 basis, on 11
September 2018. Following completion of the sale, Playtech will no
longer hold any interest in Plus500's ordinary shares.
- ENDS -
For further information please contact:
+44 (0) 16 2464 5954
Playtech plc
Mor Weizer, CEO
Andrew Smith, CFO
James Newman, Head of Investor
Relations & Corporate Communications
+44 (0) 20 3805 4822
Headland (PR adviser to Playtech)
Lucy Legh, Stephen Malthouse
About Playtech
Founded in 1999 and premium listed on the Main Market of the
London Stock Exchange, Playtech is a technology leader in the
gambling and financial trading industries.
Playtech is the gambling industry's leading technology company
delivering business intelligence driven gambling software,
services, content and platform technology across the industry's
most popular product verticals, including, casino, live casino,
sports betting, virtual sports, bingo and poker. It is the pioneer
of omni-channel gambling technology through its integrated platform
technology, Playtech ONE. Playtech ONE delivers data driven
marketing expertise, single wallet functionality, CRM and
responsible gambling solutions across one single platform across
product verticals and across retail and online.
Playtech's partners with and invests in the leading brands in
regulated and newly regulated markets to deliver its data driven
gambling technology across the retail and online value chain.
Playtech provides its technology on a B2B basis to the industry's
leading retail and online operators, land-based casino groups and
government sponsored entities such as lotteries. As of June 2018,
through the acquisition of Snaitech, Playtech directly owns and
operates the leading sports betting and gaming brand in online and
retail in Italy, Snai.
Playtech's Financials Division, named TradeTech Group, is a
technology leader in the CFD and financial trading industry and
operates both on a B2C and B2B basis.
Playtech has in total c.5,800 employees across 17 countries and
is headquartered in the Isle of Man.
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END
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