Playtech plc (PYTCY,PTEC.L), an international gambling software development company, announced Friday the commencement of a share buyback programme to purchase up to 5,661,665 ordinary shares.
The programme will run until the company's next Annual General Meeting, expected toward the end of May.
The buyback will be conducted under the existing shareholder authority to repurchase up to 30,929,424 shares granted at the May 2025 AGM.
Following prior repurchases of 25,267,759 shares, the current programme represents the remaining available balance.
The company said that the shares acquired under the programme will be transferred to the company's Employee Benefit Trust for nil consideration to support future awards under employee share schemes.
The total number of shares in issue and voting rights is expected to remain unchanged.
On Thursday, Playtech closed trading 12.15% lesser at GBp 314.50 on the London Stock Exchange.
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