Variation in Brickington lock-up arrangement

Released : 15/03/2017 07:00

RNS Number : 4893Z
Playtech PLC
15 March 2017



Playtech plc


("Playtech" or the "Playtech Group")


 Variation in Brickington lock-up arrangement


Playtech plc ("Playtech") announces it has been notified by Brickington Trading Limited ("Brickington") that following a direct and unsolicited inbound enquiry to Brickington by Boussard & Gavaudan Investment Management LLP ("Boussard & Gavaudan"), Brickington has agreed to sell 13.0 million Playtech shares to them at a price of 872.5 pence per share (the "Sale"). The Sale shares are equivalent to 4.1 per cent of Playtech's current total issued ordinary share capital and will be subject to a lock-up.


Following completion of the Sale, Brickington's holding in Playtech will reduce to 56,582,169 ordinary shares, representing 17.8 per cent. of voting rights in Playtech.


Brickington is a wholly owned subsidiary of a trust of which Playtech's founder, Mr. Teddy Sagi is the ultimate beneficiary. Brickington will continue to be Playtech's largest single shareholder following the Sale.


In order to enable Boussard & Gavaudan to make this significant investment in Playtech, Brickington has been released with the consent of UBS Limited ("UBS") from the 180 day lock-up arrangement put in place at the time of its disposal of ordinary shares in Playtech in early December 2016. Following the Sale, Brickington has agreed not to sell any Playtech shares until 29 May 2017 at the earliest, subject to the same customary exceptions and UBS's consent. Boussard & Gavaudan has also agreed to a lock up arrangement on the Playtech shares they are acquiring from Brickington for the same period ending on 29 May 2017. UBS executed the Sale on behalf of Brickington.



Playtech plc

+44 (0)20 3772 2500

Mor Weizer, Chief Executive Officer

Andrew Smith, Chief Financial Officer

James Newman, Head of Investor Relations

Goodbody Stockbrokers UC

Piers Coombs/David Kearney/Charlotte Craigie

Bell Pottinger

David Rydell/Jonathan Hodgkinson




+44 (0)203 841 6220


+44 (0)20 3772 2500



About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange (LEI code: 21380068TTB6Z9ZEU548), Playtech has more than 5,000 employees in 17 countries.

Playtech is the gambling industry's leading software and services supplier with more than 130 licensees globally, including 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 operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.. 




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