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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 442.00 | 444.50 | 445.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Prepackaged Software | 1.71B | 105.1M | 0.3458 | 16.69 | 1.75B |
TIDMPTEC
RNS Number : 3934Q
Playtech PLC
05 June 2018
Playtech PLC
("Playtech" or the "Group")
Playtech completes acquisition of majority stake in Snaitech S.p.A ("Snaitech")
5 June 2018
Further to the announcement dated 29 May 2018 regarding the results of Playtech's General Meeting, Playtech is pleased to announce that it has today completed the acquisition of approximately 70.6 per cent of the issued share capital of Snaitech (the "Initial Acquisition").
Playtech has also separately acquired approximately 9.0 per cent of Snaitech's issued share capital through market purchases since the announcement of the Initial Acquisition on 12 April 2018 and, therefore, holds almost 80.0 per cent of Snaitech's issued share capital in aggregate as at the date of this announcement.
Playtech will within the next few weeks launch a mandatory takeover offer for the remaining shares in Snaitech not currently held by the Group (the "Mandatory Takeover Offer" and together with the Initial Acquisition, the "Transaction").
Accordingly, Playtech expects to complete the overall Transaction later this year.
For further information please contact:
Playtech plc James Newman, Head of Investor Relations & Corporate Communications +44 (0) 16 2464 5954 Headland (PR adviser to Playtech) Lucy Legh, Stephen Malthouse +44 (0) 20 3805 4822
About Playtech
Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a market leader in the gambling and financial trading industries.
Playtech is the gambling industry's leading software and services supplier to 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, named TradeTech Group, operates both on a B2C and B2B basis.
Playtech has in total c.5,000 employees across 17 countries.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
June 05, 2018 11:05 ET (15:05 GMT)
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