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The gaming technology provider’s initiative is designed to support the company’s employee share schemes while maintaining the existing number of voting rights.
Strategic Focus on Employee Benefits
The program’s primary objective centers on allocating all purchased ordinary shares to Playtech’s Employee Benefit Trust at nil consideration. This approach will fund future awards under the company’s employee share schemes as those awards vest and are exercised.
As a result of this structure, the total number of shares in issue and the total number of voting rights within the company are expected to remain unchanged following the purchases.
Broker Appointments and Execution Framework
Playtech has entered into irrevocable agreements with joint brokers Goodbody Stockbrokers UC and Jefferies International Limited to execute the buybacks. The program will operate on a non-discretionary basis, with brokers acting independently within predefined parameters.
Each broker will handle buybacks worth approximately £21.8 million, with Goodbody Stockbrokers UC managing the first tranche of purchases.
Regulatory Compliance and Authorization
The buybacks will take place on the London Stock Exchange and other trading venues, in full compliance with the Market Abuse Regulation, UK Listing Rules, and related legal frameworks.
The buyback operates under the general authority to purchase up to 30,929,424 shares, which received shareholder approval at the Annual General Meeting held on 21 May 2025. This authority remains valid until the close of the next Annual General Meeting in 2026.
