Playtech Founder Sells 4 Percent Share

PLAYTECH FOUNDER SELLS 4 PERCENT SHARE

15th March, 2017 at 16:08:44
Source: http://www.azonlinecasinos.com

Further sales subject to a lock-up agreement until end May 2017.

In a stock exchange announcement Wednesday, Playtech founder Teddy Sagi, through his investment company Brickington Trading Limited (Brickington), has sold off 13 million Playtech shares to Boussard & Gouvaudan Investment Management LLP for 872.5 pence per share or a total sum of 113.4 million.

Following completion of the sale, Brickington will remain Playtech's largest single shareholder with a holding in Playtech of 56,582,169 ordinary shares, representing 17.8% of voting rights in the company.

Brickington was released from a 180 day lock-up arrangement it has with Playtech concerning the disposal of shares with the consent of UBS Limited (UBS). The company has agreed, however, not to sell any further Playtech shares until May 29, 2017 and Boussard & Gavaudan have also agreed to a lock up agreement until the same date.

Related News Tags:



« News index »



PLAYTECH'S BGT SPORTS EXTENDS BOYLESPORTS DEAL

28th March, 2017 at 19:47:54
Four-year agreement includes installation of additional 325 terminals

MARVEL GAMES TO DISAPPEAR FROM PLAYTECH OPERATOR SITES AT THE END OF MARCH

25th March, 2017 at 08:38:18
Many popular slot titles affected...but replacements are ready to go.

ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?

24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?

PLAYTECH LIVE DEBUTS GRAND ROYALE FLAGSHIP BRAND

15th March, 2017 at 16:08:44
First of a series of new concepts is deployed.