Playtech: Seeking £100 Million
Playtech, gaming software provider to some of the biggest names in the gaming industry such as William Hill and bet365, are seeking to raise £100 million in a discounted offering, in an effort to fund new investments and ventures.
About 46.5 million shares are up for grabs at a 2.5% discount on yesterday's closing price on London's AIM.
Playtech has already said it has identified its potential targets that will either expand or complement its existing offering, with the biggest outlay mooted to be about £40 million.
Shares in the company have fallen by almost a quarter over the last three months, though the company hopes to move from the AIM to the main London Stock Exchange within the next year.
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