REG - Playtech PLC - Update on Snaitech Sale

PlaytechAnnouncement

09/04/2025 16:30

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RNS Number : 3773E  Playtech PLC  09 April 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED UNDER ASSIMILATED
REGULATION (EU) NO. 596/2014 WHICH IS PART OF THE LAWS OF THE UNITED
KINGDOM BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED)

 

FOR IMMEDIATE RELEASE

 

 

9 April 2025

 

Playtech plc

 

("Playtech" or the "Company")

 

Update on Snaitech sale

 

Further to the announcement of the proposed sale of Snaitech S.p.A.
("Snaitech") on 17 September 2024, Playtech plc (LSE: PTEC) is pleased to
announce that all relevant antitrust, gaming and other regulatory authority
approvals have now been received.

 

As a result, the completion of the sale of Snaitech to a subsidiary of Flutter
Entertainment plc is expected to take place by the end of April 2025.

 

Completion of the Transaction will enable Playtech to focus on its
technology-led offering in high-growth B2B gambling markets with an
accelerated growth plan and an extensive portfolio of strategic ventures. The
Board believes that there is significant further upside from Playtech's
simplified business model and focused B2B strategy going forward.

 

Transaction dividend to shareholders

 

Following completion of the Transaction, the Company intends to
return €5.73 per share to shareholders by way of a special dividend (the
"Special Dividend"). The Special Dividend is expected to be declared as soon
as practicable following completion of the Transaction and paid in June 2025.
Further announcements regarding completion of the Transaction and a detailed
dividend timetable (including the ability for shareholders to elect to receive
the Special Dividend in Sterling rather than Euros) will be made in due
course.

 

Defined terms used in this announcement have the same meaning where defined in
the Company's RNS announcement dated 17 September 2024, unless otherwise
defined herein.

 

- ENDS -

 

For further information contact:

 

 Playtech plc                                 +44 (0) 20 3805 4822

 Sandeep Gandhi, Head of Investor Relations

 Headland (PR adviser to Playtech)            +44 (0) 20 3805 4822

 Lucy Legh, Jack Gault

 

 

About Playtech

Founded in 1999 and with a listing on the Main Market of the London Stock
Exchange, Playtech is a technology leader in the gambling industry with over
8,300 employees across 19 countries.

 

Playtech is the gambling industry's leading technology company delivering
business intelligence driven gambling software, services, content and platform
technology across the industry's most popular product verticals, including,
casino, live casino, sports betting, bingo and poker. It is the pioneer of
omni-channel gambling technology through its integrated platform technology,
Playtech ONE. Playtech ONE delivers data driven marketing expertise, single
wallet functionality, CRM and responsible gambling solutions across one single
platform across product verticals and across retail and online.

 

Playtech partners with and invests in the leading brands in regulated and
newly regulated markets to deliver its data-driven gambling technology across
the online and retail value chain. Playtech provides its technology on a B2B
basis to the industry's leading online and retail operators, land-based casino
groups and government sponsored entities such as lotteries.

 

IMPORTANT NOTICE

 

This announcement contains inside information as defined under assimilated
Regulation (EU) No. 596/2014 which is part of the laws of the United Kingdom
by virtue of the European Union (Withdrawal) Act 2018 (as amended).

 

This announcement has been issued by, and is the sole responsibility of,
Playtech.

 

The person responsible for making this announcement is Sandeep Gandhi (Head of
Investor Relations).

 

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