LONDON - Playtech (LON:PTEC) plc, a prominent technology provider for the gambling industry, disclosed that Fabio Schiavolin, CEO of its subsidiary Snaitech, has exercised options and sold shares as part of the company's Long Term Incentive Plan. On Thursday, Schiavolin completed a transaction involving 13,199 ordinary shares at a price of £7.50 per share on the London Stock Exchange (LON:LSEG), resulting in a total sale value of £98,992.50.
The transaction is reported in line with the UK Market Abuse Regulation, which mandates public disclosure of trading activities by persons in managerial positions. The exercise of the options and subsequent sale by Schiavolin is an initial notification, indicating that this is the first time such a transaction is being reported for him in his current role.
Playtech, listed on the Main Market of the London Stock Exchange, has informed the market of this dealing in shares by a person closely associated with a person discharging managerial responsibilities within the company. The identification code for the ordinary shares involved in the transaction is IM00B7S9G985.
The company, founded in 1999, employs over 7,900 people across 20 countries and offers a wide range of gambling software, services, content, and platform technology. It operates across various product verticals such as casino, live casino, sports betting, virtual sports, bingo, and poker. Playtech's omni-channel technology, Playtech ONE, provides integrated solutions and responsible gambling services across retail and online platforms.
Playtech's subsidiary, Snaitech, operates in the sports betting and gaming sectors in Italy, both online and retail. The sale of shares by its CEO comes as a part of the company's incentive plan, which is designed to align the interests of key employees with those of shareholders.
This announcement is based on a press release statement and provides factual information regarding the share transaction by Playtech's subsidiary CEO. It aims to present an unbiased account of the event without speculation or promotional commentary.
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