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Playtech launches €50m share buyback programme

7th December 2016 9:10 am GMT
Playtech

London-listed gaming technology and services provider Playtech has announced plans to buy back up to €50m of the company's shares, reflecting management's "continued confidence in the growth and prospects of the business".

The company said that it would seek to reduce its share capital by buying back up to 6m ordinary shares up to a value of €50m, using existing cash resources.

The buyback programme will have no impact on Playtech's M&A strategy, with its pipeline remaining healthy, the [...]

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