Proposed move to main market

RNS Number : 3226F

Playtech Limited

13 June 2012

 



Playtech Limited

("Playtech" or "the Company")

Notification of proposed AIM cancellation and admission to the Official List

Further to previous announcements, Playtech confirms its intention to apply for admission to listing of its ordinary shares on the premium segment of the Official List of the UK Listing Authority (the 'Official List') and admission to trading on London Stock Exchange plc's main market for listed securities ('Admission'). Pursuant to Rule 41 of the AIM Rules for Companies, the Company hereby gives notice of the intended cancellation of trading of its shares on the AIM market of London Stock Exchange plc.

The Company believes that the Official List is the most appropriate platform for the continued growth of the Group by increasing Playtech's profile, assisting in the liquidity of the Company's shares and providing a greater range of potential investors for the Company.

It is expected that the Company will publish its prospectus in connection with Admission on 28 June 2012 and that the Company's ordinary shares will be admitted to the Official List, commence trading on the main market of the London Stock Exchange plc and simultaneously be cancelled on AIM effective at 8:00am on 2 July 2012, subject to the receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange.

Existing shareholders should consult their own tax advisers as to the tax implications of the proposed move to the Official List.

A further announcement will be made in due course.

- Ends -

For further information contact:

Playtech Ltd Roger Withers, Chairman Mor Weizer, Chief Executive c/o Pelham Bell Pottinger	[phone]
Canaccord Genuity Piers Coombs / Bruce Garrow	[phone]
Pelham Bell Pottinger David Rydell / Olly Scott / Guy Scarborough	[phone]

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.

Leading gaming applications include casino, poker, bingo, sports betting, live gaming, casual and fixed odds games. Playtech provides licensees with the tools to maximise cross-selling opportunities, player loyalty and yield, all through the powerful management interface - the IMS. 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 has some 1,000 employees located in development centres in five countries, the majority of whom are engaged in research and development of current and future gaming technologies, together with 900 employees providing ancillary services

www.playtech.com

 

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