Big Demand For Sagi’s Playtech Shares (update)

Brickington agrees to increase the size of the Placing to 38.7 million shares, representing 12 percent of the issued share capital of Playtech

Demand for Teddy Sagi’s 32.3 million Playtech ordinary shares offered for sale in a bookbuilding sale Tuesdayhas clearly been keen; in a follow-up statement Wednesday Playtech advised that Brickington actually sold 38.7 million shares at 850p per share.

The advisory notes that due to strong investor demand, Brickington agreed with its Joint Bookrunners to increase the size of the Placing to 38.7 million shares, representing 12 percent. of the issued share capital of Playtech.

The Placing is expected to settle on a T+2 basis, on . The Playtech statement emphasised that it is not a party to the Placing and will not receive any proceeds from it.
Following the Placing, Brickington retains a beneficial interest in 69,582,169 Ordinary Shares, representing 21.6 percent. of the voting rights of Playtech.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,462


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts