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Playtech founder sells off another 13m shares

15th March 2017 8:16 am GMT
Playtech

Playtech founder Teddy Sagi has further reduced his shareholding in the business, selling £113.4m in shares to investment firm Boussard & Gavaudan.

The shares are being sold by Brickington Trading, a wholly owned subsidiary of a trust of which Sagi is the ultimate beneficiary.

The company is selling 13 million Playtech shares at 872.5 pence per share, representing 4.1 per cent of Playtech's current total issued ordinary share capital and a discount of approximately 4 per cent [...]

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