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Playtech notes Brickington's partial stake sale

15 March 2017 07:27

Playtech said Brickington Trading Ltd has sold 13.0m shares in the company to Boussard & Gavaudan Investment Management LLP, following a direct and unsolicited inbound enquiry, at 872.5p each.

The shares equated to 4.1% of Playtech's total issued ordinary share capital and would be subject to a lock-up.

Following completion, Brickington's holding in Playtech would fall to 56.6m shares, or 17.8% of voting rights.

Brickington was a wholly owned subsidiary of a trust of that Playtech's founder, Teddy Sagi, was the ultimate beneficiary of. Brickington would continue to be Playtech's largest single shareholder following the Sale.

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Related Company: PTEC

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