Publication of Circular and General Meeting

RNS Number : 0151H

Playtech PLC

01 December 2020

 

Playtech PLC

('Playtech' or the 'Company')

Publication of Circular and Notice of General Meeting

Playtech announces that it is proposing to migrate its tax residency to the United Kingdom ("UK") in early 2021. A general meeting of the Company will be held in the Isle of Man at 12.00 p.m. on 18 December 2020 to consider proposed amendments to the articles of association of the Company to facilitate this migration ("General Meeting"). The Company will shortly publish a circular to shareholders which will include the notice of General Meeting (the "Circular").

Reasons for the migration of tax residency

The Company was incorporated and tax registered in the Isle of Man because at that time it was considered to be the most suitable tax regime for the purposes of the Company's operations.

The Board now believes that, given the evolution of the Company and to better align it with its expected future operational substance, there would be an overall benefit to migrating the Company's tax residency to the UK with effect from early 2021. This would allow board meetings and board decisions to take place in the UK and, in addition, the Company would be able to hold shareholder meetings in the UK as a matter of course, which should encourage greater shareholder participation.

In accordance with Listing Rule 9.6.1, copies of the Circular will be submitted to the National Storage Mechanism and available to view at  www.morningstar.co.uk/uk/NSM  and   on the Company's website at: investors.playtech.com

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For further information please contact:

Playtech plc Chris McGinnis, Director of Investor Relations & Strategic Analysis James Newman, Director of Corporate Affairs	[phone]
Headland (PR adviser to Playtech) Lucy Legh, Stephen Malthouse	[phone]

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 technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, virtual sports, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.

Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data driven gambling technology across the retail and online value chain. Playtech provides its technology on a B2B basis to the industry's leading retail and online operators, land-based casino groups and government sponsored entities such as lotteries. Playtech directly owns and operates Snaitech, the leading sports betting and gaming company in online and retail in Italy,

Playtech's Financials Division, named TradeTech Group, is a technology leader in the CFD and financial trading industry and operates both on a B2B and B2C basis.

Playtech has in total c.6,400 employees across 24 countries and is headquartered in the Isle of Man.

 

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