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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 | |
---|---|---|---|---|---|---|---|---|---|---|
6.50 | 1.46% | 450.50 | 451.00 | 452.00 | 452.00 | 439.00 | 439.00 | 234,333 | 16:35:17 |
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 : 7722W
Playtech PLC
03 August 2018
Playtech PLC
("Playtech" or the "Group")
Snaitech update
3 August 2018
Further to the announcement on 25 July relating to the launch by Pluto (Italia) S.p.A. ("Pluto"), a wholly-owned subsidiary of Playtech, of the squeeze out process over the remaining minority shareholdings in Snaitech S.p.A. ("Snaitech") under article 111 of Italian Financial Services Act (the "Squeeze Out"), Playtech is pleased to announce that the Squeeze Out has completed resulting in Snaitech becoming a wholly-owned subsidiary within the Playtech Group and the shares in Snaitech have today been successfully de-listed from Mercato Telematico Azionario, organised and managed by Borsa Italiana.
Playtech is also pleased to announce that Snaitech has today released its interim results as of 30 June 2018, highlights include:
-- Improved profitability (EBITDA up by 33.4% to approx. EUR74 million)
-- Net profit of EUR15.4 million and reduced leverage ratio (2.4x)
-- Continued strong growth of online business (+22.2%)
Snaitech has also today launched an offer to redeem its "6.375% Senior Secured Notes due 2021" and "Senior Secured Floating Rate Notes due 2021" (the "Notes") following the change of control of Snaitech which occurred on 5 June 2018 when Pluto originally acquired a controlling stake in Snaitech by completing the purchase of 70.561% of the share capital of Snaitech from Global Games and OI Games S.A (the "Acquisition").
Today's full Snaitech announcement of its interims results which also includes information on the offer to redeem the Notes can be found at http://snaitech.it/en/investors/financial-press-releases
Playtech will announce its interim results for the six months ended 30 June 2018 on 23 August 2018. Snaitech's results will be included in Playtech's consolidated financial statements from 5 June 2018, the date of completion of the Acquisition.
-ENDS-
For further information please contact:
Playtech plc +44 (0) 16 2464 5954 James Newman, Head of Investor Relations & Corporate Communications Headland (PR adviser to Playtech) +44 (0) 20 3805 4822 Lucy Legh Stephen Malthouse
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
FURSSFSUDFASESA
(END) Dow Jones Newswires
August 03, 2018 06:10 ET (10:10 GMT)
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