BIG DEMAND FOR SAGI'S PLAYTECH SHARES (Update).
Brickington agrees to increase the size of the Placing to 38.7 million shares, representing 12 percent. of the issued share capital of Playtech.
Demand for Teddy Sagi's 32.3 million Playtech ordinary shares offered for sale in a book building sale Tuesday has clearly been keen; in a follow-up statement Wednesday Playtech advised that Brickington actually sold 38.7 million shares at 850p per share.
The advisory notes that due to strong investor demand, Brickington agreed with its Joint Book runners to increase the size of the Placing to 38.7 million shares, representing 12 percent. of the issued share capital of Playtech.
The Placing is expected to settle on a T+2 basis, on 2 December 2016. The Playtech statement emphasized that it is not a party to the Placing and will not receive any proceeds from it.
Following the Placing, Brickington retains a beneficial interest in 69,582,169 Ordinary Shares, representing 21.6 percent. of the voting rights of Playtech.