Thursday June 14,2012 : PLAYTECH ANNOUNCES STOCK EXCHANGE UPGRADE
Notification of proposed AIM cancellation and admission to the Official List of the London Stock Exchange
In a public announcement Wednesday, online gambling software developer Playtech plc confirmed 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, and admission to trading on London Stock Exchange plc's main market for listed securities.
The company gave notice of its 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," the statement advises interested parties.
It is expected that the Playtech 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.