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Playtech seeks £100m to take it to “the next level”

23rd November 2011 8:38 am GMT

Online gaming software and services provider Playtech Limited said Wednesday that it will look to raise £100m through a fully underwritten share placement to finance acquisition opportunities and investments in new joint ventures, at the same time as announcing a revised dividend policy to pay out up to 40 per cent of profits in any financial year.

Playtech said that 46,511,627 shares have been placed at a price of 215 pence (a discount of 2.5 per cent on [...]

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