Notification of Transaction by Director

RNS Number : 4056U

Playtech Limited

28 December 2012

 



PLAYTECH LIMITED

NOTIFICATION OF TRANSACTION BY DIRECTOR

EXERCISE OF OPTION

Playtech Limited ('the Company') announces that on 27 December 2012, Mor Weizer, Chief Executive Officer, exercised options over a total of 400,000 ordinary shares in the Company granted to him in two tranches under the terms of the Playtech 2005 Global Share Plan (the "Plan").

In accordance with the rules of the Plan, in lieu of issuing new shares to Mr. Weizer, the Company has elected to pay him the cash equivalent of the gain on exercising the options, being the closing market value of the Company's ordinary shares on the day immediately prior to the date of exercise of the option, £4.27, less the cost of exercising the options, being an aggregate of £2.135.  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).

- Ends -

For further information contact:

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

 

END

 

 

RDSEDLFLLLFXFBZ