Playtech placing moves ahead

Playtech‘s controversial proposed placing of 46 511 627 ordinary shares in a bid to raise GBP 100 million to finance acquisition opportunities and investments in new ventures has received approval of the resolutions at the company’s general meeting held today.

The approval came despite recommendations from leading City analyst Ivor Jones of Numis Securities that shareholders vote down the agreement, which would give billionaire founder Teddy Sagi more control in the company.

The shares are expected to be placed on the AIM market of the London Stock Exchange on Wednesday, December 21 2011.

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