Playtech Placing Successful

PLAYTECH PLACING SUCCESSFUL

19th June, 2015 at 09:05:38
Source: http://www.azonlinecasinos.com

Company raises $227 million for financial spread betting buys.

The London market clearly liked the look of Playtech's 29.05 million share placing Thursday (see previous report); Reuters reports that 227 million was raised to help fund the purchase of forex trading platforms Plus500, TradeFX and other potential deals.

The company placed 29.05 million shares, representing just under 10% of its current share capital, with institutions via an accelerated bookbuild. The shares were priced at 780 pence each.

However, Playtech's share price declined 2.3% to close at 789.50, down 2.3% on the London Stock Exchange.

Canaccord Genuity and UBS were joint bookrunners for the placement while Shore Capital was lead manager.

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