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Teddy Sagi reduces Playtech holding with £329m share sale

30th November 2016 9:02 am GMT
Playtech

Playtech founder Teddy Sagi has reduced his stake in the solutions giant, selling off a larger than expected portion of his shares in order to meet high investor demand.

Sagi's Brickington Trading originally planned to offer 32.3m ordinary shares in Playtech, amounting to 10 per cent of the company's share capital.

This was increased to 38.7m shares, 12 per cent of the Playtech's total share capital, due to strong demand.

At a price of 850 pence per share, Brickington raised a [...]

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