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PTEC Playtech Plc

457.00
12.50 (2.81%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Playtech Plc LSE:PTEC London Ordinary Share IM00B7S9G985 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  12.50 2.81% 457.00 456.00 457.50 456.50 443.50 445.50 4,389,441 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 1.71B 105.1M 0.3458 16.69 1.75B

Playtech PLC Playtech completes the acquisition of CFH (5726Q)

30/11/2016 12:55pm

UK Regulatory


Playtech (LSE:PTEC)
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TIDMPTEC

RNS Number : 5726Q

Playtech PLC

30 November 2016

Playtech plc

("Playtech" or the "Playtech Group")

Playtech completes the acquisition of CFH

Playtech (LSE: PTEC) announces that is has completed the acquisition of 70% of Consolidated Financial Holdings A/S, a technology company with products including a leading Straight Through Processing brokerage which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools. Playtech expects to acquire the remaining 30% in 2019 pursuant to put and call option arrangements.

- Ends -

For further information, contact:

 
 Playtech plc                                  +44 (0)20 3772 
  Ron Hoffman, CFO of Playtech                  2500 
  and CEO of Playtech's Financials 
  division 
  Neil Offord, CFO of Playtech's Financials 
  division 
  c/o Bell Pottinger 
 
                                                +44 (0)1624 
  Andrew Smith, Head of Investor Relations      645954 
 Bell Pottinger 
  David Rydell / Olly Scott / James            +44 (0)20 3772 
  Newman / Laura Jacques                        2500 
 

About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange, Playtech has more than 5,000 employees in 13 countries.

Playtech is the gambling industry's leading software and services supplier with more than 130 licensees globally, including many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of Omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution.

Playtech's Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

www.playtech.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQFDSFESFMSEIF

(END) Dow Jones Newswires

November 30, 2016 07:55 ET (12:55 GMT)

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