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Commencement of Share Buyback Programme

In brief · summary, not quotable

Playtech commences share buyback programme of up to £43.7 million to fund employee share schemes.

  • Maximum buyback consideration £43.7 million
  • Completion deadline 31 March 2026
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Playtech plc (LSE: PTEC) today announces that it will commence a programme to purchase the Company's ordinary shares (the 'Ordinary Shares') of up to a maximum consideration of approximately £43.7 million (€50.0 million) excluding expenses (the 'Programme'). It is intended that the Programme will be completed in the period up to 31 March 2026.

All of the Ordinary Shares purchased pursuant to the Programme are being transferred to the Company's Employee Benefit Trust for nil consideration, with a view to the shares being used to fund future awards (as and when they vest and are exercised) under the Company's employee share schemes. Therefore, the total number of shares in issue and the total number of voting rights in the Company, following purchases within the Programme, are expected to remain the same.

The Programme will be conducted in accordance with and under the terms of the general authority to purchase up to 30,929,424 shares approved by the Company's shareholders at the Company's Annual General Meeting on 21 May 2025, which authority will expire at the end of the next Annual General Meeting of the Company in 2026.

The Company has entered into irrevocable commitments with its joint brokers, Goodbody Stockbrokers UC ('Goodbody') and Jefferies International Limited ('Jefferies') to operate the Programme through a non-discretionary programme, by making market purchases of Ordinary Shares as agents on the Company's behalf, and within certain defined parameters. Goodbody and Jefferies will make trading decisions in relation to the buyback of Ordinary Shares independently of the Company within the Programme terms. Goodbody and Jefferies will operate the Programme from today, each completing the buyback in respect of approximately £21.8 million (€25.0 million) of Ordinary Shares. The first £21.8 million tranche will be undertaken by Goodbody.

The Programme will be carried out on the London Stock Exchange and other trading venues and executed within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU (as each forms part of domestic law under the European Union (Withdrawal) Act 2018, including where relevant pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019) and Chapter 9 of the UK Listing Rules of the Financial Conduct Authority.

Details of all purchases made under the Programme will be announced by no later than 7:30am on the next business day following the calendar day on which the purchases occurred.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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