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BRIEF-Playtech founder Teddy Sagi to sell 10.1 pct stake via placing
June 26, 2017 / 4:10 PM / 5 months ago

BRIEF-Playtech founder Teddy Sagi to sell 10.1 pct stake via placing

June 26 (Reuters) - Playtech Plc:

* ‍Has been advised that Brickington Trading Limited is proposing to sell approximately 32.0 million shares in co​

* ‍Placing represents approximately 10.1 pct of company’s issued share capital​

* Placing to be carried out ‍via an accelerated bookbuild through Goodbody Stockbrokers, Shore Capital Stockbrokers Limited and UBS Limited​

* ‍Brickington is a wholly owned subsidiary of a trust of which Playtech’s founder, Teddy Sagi is ultimate beneficiary​

* Placing undertaken to further diversify Sagi and his family’s investment portfolio and to help finance a significantly increased focus on real estate​

* Assuming placing is fully allocated, Brickington will hold approximately 7.7 pct of company’s issued share capital following placing​

* ‍brickington’s relationship agreement with Playtech will terminate after placing​ Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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