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Playtech PLC (PTEC)

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Thursday 30 June, 2022

Playtech PLC

Update on the disposal of Finalto

RNS Number : 8811Q
Playtech PLC
30 June 2022
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

 

THE COMPANY HAS PUBLISHED A CIRCULAR IN CONNECTION WITH THE TRANSACTION. ANY VOTING DECISIONS BY SHAREHOLDERS IN CONNECTION WITH THE TRANSACTION SHOULD BE MADE ON THE BASIS OF THE INFORMATION CONTAINED IN THE CIRCULAR.

 

FOR IMMEDIATE RELEASE

 

30 June 2022

 

 

Update on the disposal of Finalto

 

 

Further to the announcement made on 15 June 2022, Playtech plc ("Playtech" or "the Company") confirms that the proposed all-cash sale of its financial trading division ("Finalto") to Gopher Investments (the "Transaction") is now expected to close early to mid July 2022.

 

As previously announced, all regulatory approvals have been received and the completion statement will be finalised in accordance with the Sale and Purchase Agreement. The Transaction was approved by shareholders during the General Meeting held on 1 December 2021.

 

 

Enquiries:

 

Playtech plc                                                                                                                                      +44 (0) 1624 645 954

Chris McGinnis, Director of Investor Relations & Strategic Analysis

 

UBS Investment Bank (Financial Adviser and Joint Sponsor to Playtech)                                      +44 (0) 20 7567 8000

Sandip Dhillon / Rahul Luthra / Ben Crystal

 

Goodbody Stockbrokers (Corporate Broker and Joint Sponsor to Playtech)                                        +353 1 667 0400

Piers Coombs / Charlotte Craigie / Stephen Kane

 

Headland (PR adviser to Playtech)  +44 (0) 20 3805 4822

Lucy Legh / Stephen Malthouse / Jack Gault

 

 

 

About Playtech

 

Founded in 1999 and premium listed on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling and financial trading industries with over 6,600 employees across 26 countries.

 

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 Snai, the leading sports betting and gaming brand across online and retail in Italy.

 

Important Notice

 

UBS AG London Branch is authorised and regulated by the Financial Market Supervisory Authority in Switzerland. It is authorised by the Prudential Regulation Authority and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority in the United Kingdom. UBS AG London Branch is acting exclusively as financial adviser to Playtech plc and no one else in connection with the process. In connection with such matters, UBS AG London Branch will not regard any other person as its client, nor will it be responsible to any other person for providing the protections afforded to its clients or for providing advice in relation to the process, the contents of this announcement or any other matter referred to herein.

 

Goodbody is authorised and regulated by the Central Bank of Ireland, and is also subject to regulation by the Financial Conduct Authority. Goodbody is acting exclusively for Playtech and for no one else in connection with the process and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the process or any other matter referred to in this announcement and will not be responsible to anyone other than Playtech for providing the protections afforded to its clients or for giving advice in relation to the process or any other matter referred to in this Announcement.

 

 

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