Playtech repurchases 349,108 ordinary shares of share buyback programme

playtech offices

Online gaming and financial trading company Playtech PLC (LON:PTEC) announced late Friday that it successfully purchased a total of 349,108 of its ordinary shares of no par value each (the “ordinary shares”) on the London Stock Exchange (LSE) through the Company’s broker Goodbody Stockbrokers UC. The repurchased shares will be cancelled.

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The purchases form part of Playtech’s share buyback programme announced on 21 February 2019.

Playtech’s total number of ordinary shares in issue shall be 316,995,495 ordinary shares, each carrying the right to one vote.

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We had reported that a number of institutional investors had either increased or decreased their positions in Playtech, over the past several months, after the company’s share price took a big hit after posting disappointing results for the first half of 2018. Specifically, JP Morgan took up a 6.4% position in Playtech in mid October; Dublin, Ireland based value investor Setanta Asset Management bought a 3% interest in Playtech; and Odey Asset Management picked up a 5% stake. Odey is also a major investor in online CFDs broker Plus500.

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