Commencement of Share Buyback Programme
Summary by AI BETAClose X
25 September 2025
Playtech plc
("Playtech" or the "Company")
Commencement of Share Buyback Programme
Playtech plc (LSE: PTEC) today announces that it will commence a programme to purchase the Company's ordinary shares (the 'Ordinary Shares') of up to a maximum consideration of approximately £43.7 million (€50.0 million) excluding expenses (the 'Programme'). It is intended that the Programme will be completed in the period up to 31 March 2026.
All of the Ordinary Shares purchased pursuant to the Programme are being transferred to the Company's Employee Benefit Trust for nil consideration, with a view to the shares being used to fund future awards (as and when they vest and are exercised) under the Company's employee share schemes. Therefore, the total number of shares in issue and the total number of voting rights in the Company, following purchases within the Programme, are expected to remain the same.
Any purchases will be conducted in compliance with the relevant conditions for trading, restrictions regarding time and volume, disclosure and reporting obligations, and price conditions. The Company confirms that it currently has no unpublished inside information.
The Programme will be conducted in accordance with and under the terms of the general authority to purchase up to 30,929,424 shares approved by the Company's shareholders at the Company's Annual General Meeting on 21 May 2025, which authority will expire at the end of the next Annual General Meeting of the Company in 2026.
The Company has entered into irrevocable commitments with its joint brokers, Goodbody Stockbrokers UC ('Goodbody') and Jefferies International Limited ('Jefferies') to operate the Programme through a non-discretionary programme, by making market purchases of Ordinary Shares as agents on the Company's behalf, and within certain defined parameters. Goodbody and Jefferies will make trading decisions in relation to the buyback of Ordinary Shares independently of the Company within the Programme terms. Goodbody and Jefferies will operate the Programme from today, each completing the buyback in respect of approximately £21.8 million (€25.0 million) of Ordinary Shares. The first £21.8 million tranche will be undertaken by Goodbody.
The Programme will be carried out on the London Stock Exchange and other trading venues and executed within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (as each forms part of domestic law under the European Union (Withdrawal) Act 2018, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019) and Chapter 9 of the UK Listing Rules of the Financial Conduct Authority.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 and as amended by Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.
Details of all purchases made under the Programme will be announced by no later than 7:30am on the next business day following the calendar day on which the purchases occurred.
For further information contact:
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Playtech plc Mor Weizer, Chief Executive Officer Chris McGinnis, Chief Financial Officer c/o Headland
Rohan Chitale, Director of Investor Relations |
+44 (0) 20 3805 4822
+44 (0) 20 3805 4822 |
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Headland (PR adviser to Playtech) Lucy Legh, Jack Gault |
+44 (0) 20 3805 4822 |
About Playtech
Founded in 1999 and with a listing on the Main Market of the London Stock Exchange, Playtech is a technology leader in the gambling industry with over 7,400 employees across 20 countries.
Playtech is the gambling industry's leading technology company delivering business intelligence driven gambling software, services, content and platform technology across the industry's most popular product verticals, including, casino, live casino, sports betting, bingo and poker. It is the pioneer of omni-channel gambling technology through its integrated platform technology, Playtech ONE. Playtech ONE delivers data driven marketing expertise, single wallet functionality, CRM and responsible gambling solutions across one single platform across product verticals and across retail and online.
Playtech partners with and invests in the leading brands in regulated and newly regulated markets to deliver its data-driven gambling technology across the online and retail value chain. Playtech provides its technology on a B2B basis to the industry's leading online and retail operators, land-based casino groups and government sponsored entities such as lotteries.
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