Playtech is one of the greatest and most important gaming providers in the industry and just a few days ago, company founder Teddy Sagi announced to the investors that has filed an order to sell 13 million Playtech’s shares through his investment vehicle Brickington Trading limited to London hedge fund Boussard & Gavaudan. As Sagi told, he is about to sell a 4.1% of the company’s shares at a price of 872.5p per share, closing a £113 million funding round. After the completion of the deal, Brickington’s holding in Playtech will reduce to 56,582,169 ordinary shares, representing 17.8 per cent. of voting rights in Playtech.
Moreover, Sagi told that after the completion of this sale, there will not be any further ones until the 29th of May 2017, subject to the customary exceptions and UBS’s consent. It remains to be seen if there are plans for a new sale and what will be the new percentage of shares sale after that date, as well as where will all this is going to lead Playtech’s course.