PlayTech raises $227 million For Plus500 Purchase

Friday June 19,2015 : PLAYTECH PLACING SUCCESSFUL (Update)
 
Company raises $227 million for financial spread betting buys.
 
The London market clearly liked the look of Playtech's 29.05 million share placing Thursday ; Reuters reports that GBP 227 million was raised to help fund the purchase of forex trading platforms  Plus500, TradeFX and other potential deals.
 
The company placed 29.05 million shares, representing just under 10 percent of its current share capital, with institutions via an accelerated bookbuild. The shares were priced at 780 pence each.
 
However, Playtech's share price declined 2.3 percent to close at 789.50, down 2.3 percent on the London Stock Exchange.
 
Canaccord Genuity and UBS were joint bookrunners for the placement while Shore Capital was lead manager.