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31 March 2006
Playtech Successfully Admitted To
AIM
Playtech,
the international designer, developer and licensor of
software for the gambling industry, had their shares
commence trading on the AIM market of the London Stock
Exchange plc at 800 am on 29 March, 2006.
The placing has raised
approximately £265.2 million gross through a placing of
103,142,466 ordinary shares (the "Placing Shares") at 257
pence per ordinary share. The Company has raised net
proceeds of approximately £31.8 million. The ordinary
shares, subject to the placing, represent approximately 48
per cent. of Playtech's total issued ordinary
shares.
The shares will trade
under the ticker symbol PTEC.L.
Collins Stewart acted as
sole bookrunner, nominated advisor and joint broker. Seymour
Pierce acted as joint broker.
The placing values
Playtech at approximately £548 million, reflecting the
total number of ordinary shares in issue of
213,333,333.
The Placing Shares have
been placed with a broad range of international
institutional investors.
In the two year period
ended 31 December 2005, Playtech recorded a 268 per cent.
increase in revenues to US$47.6m. In the same period, post
tax profit increased from approximately US$8.3m in 2003 to
US$35.6m in 2005.
Roger Withers, who has
over 30 years of experience in the leisure and gaming
industries, has been appointed non-Executive Chairman with
effect from Admission.
Commenting on today's
announcement, Avigur Zmora, Chief Executive Officer of
Playtech, said:
"The outstanding interest
in Playtech's shares from both US and UK investors is a
clear endorsement of the company's offering, business model
and prospects. We look forward to life as a plc and to
continuing the growth of the business."
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