Source - LSE Regulatory
RNS Number : 3773E
Playtech PLC
09 April 2025
 

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 OF SUCH JURISDICTION

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)

 

FOR IMMEDIATE RELEASE

 

 

9 April 2025

 

Playtech plc

 

("Playtech" or the "Company")

 

Update on Snaitech sale

 

Further to the announcement of the proposed sale of Snaitech S.p.A. ("Snaitech") on 17 September 2024, Playtech plc (LSE: PTEC) is pleased to announce that all relevant antitrust, gaming and other regulatory authority approvals have now been received.

 

As a result, the completion of the sale of Snaitech to a subsidiary of Flutter Entertainment plc is expected to take place by the end of April 2025.  

 

Completion of the Transaction will enable Playtech to focus on its technology-led offering in high-growth B2B gambling markets with an accelerated growth plan and an extensive portfolio of strategic ventures. The Board believes that there is significant further upside from Playtech's simplified business model and focused B2B strategy going forward.  

 

Transaction dividend to shareholders

 

Following completion of the Transaction, the Company intends to return €5.73 per share to shareholders by way of a special dividend (the "Special Dividend"). The Special Dividend is expected to be declared as soon as practicable following completion of the Transaction and paid in June 2025. Further announcements regarding completion of the Transaction and a detailed dividend timetable (including the ability for shareholders to elect to receive the Special Dividend in Sterling rather than Euros) will be made in due course.

 

Defined terms used in this announcement have the same meaning where defined in the Company's RNS announcement dated 17 September 2024, unless otherwise defined herein.

 

- ENDS -

 

For further information contact:

 

Playtech plc

Sandeep Gandhi, Head of Investor Relations

+44 (0) 20 3805 4822

 

 

 

Headland (PR adviser to Playtech)

Lucy Legh, Jack Gault

+44 (0) 20 3805 4822

 

 

About Playtech 

Founded in 1999 and with a listing on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 8,300 employees across 19 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, 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 online and retail value chain. Playtech provides its technology on a B2B basis to the industry's leading online and retail operators, land-based casino groups and government sponsored entities such as lotteries.

 

IMPORTANT NOTICE

 

This announcement contains inside information as defined under assimilated Regulation (EU) No. 596/2014 which is part of the laws of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

This announcement has been issued by, and is the sole responsibility of, Playtech.

 

The person responsible for making this announcement is Sandeep Gandhi (Head of Investor Relations).

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDUPUQPCUPAGAB
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Playtech PLC (PTEC)

-4.00p (-0.54%)
delayed 16:30PM
JavaScript chart by amCharts 3.4.4