Exercise of share options

RNS Number : 2657A

Playtech Limited

18 March 2013

 



PLAYTECH LIMITED

(the "Company")

NOTIFICATION OF TRANSACTIONS BY DIRECTORS/PDMRS

EXERCISE OF OPTIONS

In fulfillment of its obligations under DTR 3.1.2R and DTR 3.1.4R (1)(a) Playtech Limited wishes to notify the following transactions by directors and persons discharging managerial responsibility ("PDMRs'").

On 18 March 2013, the following directors and PDMR's, exercised options over, in aggregate, 885,000 ordinary shares of no par value in the Company at an average price of GBP3.90 granted to them under the terms of the Playtech 2005 Global Share Plan (the "Plan") as per the schedule below:

Name	Weighted average exercise price	Number of shares
Mor Weizer	£3.77	800,000
Uri Levy	£5.12	60,000
Ron Hoffman	£5.12	25,000

In accordance with the rules of the Plan, the Company has in lieu of issuing new shares elected to pay the cash equivalent being the closing market value of the Company's ordinary shares on the day immediately prior to the date of exercise of the option, being £6.465, less the cost of exercise of the option, resulting in an aggregate cash payment of ₤2,272,325.

Following this transaction, as no new ordinary shares have been issued, there is no change to the Company's issued ordinary share capital.

The above notification relates to a transaction notified in accordance with the Disclosure and Transparency Rules (rule 3.1.2R).

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For further information contact:

Playtech Limited Paul Wright Company Secretary and Legal Counsel	+ 44 (0) 1624 645957

About Playtech                         

Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, hosting and CRM services.

The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.

New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.

Founded in 1999, Playtech is listed on the London Stock Exchange and has over 2,700 employees located in nine countries.  Its leading gaming applications include casino, poker, bingo, sports betting, live, mobile and social gaming, casual and fixed odds games.

www.playtech.com

 

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