Playtech has sold its entire holding of approximately 11.4 million ordinary shares in Plus500.
At a price of 1,550 pence per ordinary share, gross proceeds from the sale will reach approximately £176m. The stake represents just under 10 per cent of Plus500's issued share capital.
This comes soon after the founders of Plus500, Alon Gonen, Gal Haber, Elad Ben-Izhak, Omer Elazari and Shlomi Weizmann, notified the company that they intend to sell 9.4 million shares in the company.
At a price of £15.50 per share, the sale is expected to raise gross proceeds of £145m for them.
