Playtech PLC Further re Acquisition of Snaitech S.p.A (3934Q)
June 05 2018 - 11:05AM
UK Regulatory
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.
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END
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