Playtech PLC

Board/Management Information • Aug 29, 2013

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RNS Number : 6970M

Playtech PLC

29 August 2013

Playtech Limited

("Playtech" or the "Company")

Directorate change

Playtech announces that Roger Withers will retire from the Board and as Non-executive Chairman of the Company after the Board meeting scheduled for 9 October 2013. Mr. Withers, whose seven year tenure commenced with the Company's Initial Public Offering in March 2006, will be retained as an advisor to the Company using his extensive industry knowledge to advise on strategic initiatives in the gambling industry.

Alan Jackson, currently the Senior Non-executive Director of the Company, will take over as Non-executive Chairman. Mr Jackson has been a member of the Playtech Board since IPO and is an experienced Non-executive Director and Chairman. He is currently Chairman of The Restaurant Group plc and Deputy Chairman and Senior Non-executive Director of Redrow plc.

Roger Withers said: "I am delighted to have played a role in the development of this amazing company from its AIM admission to a top 150 UK Premium-listed company with nil debt and €1bn of assets. It has been my privilege to serve Playtech and its shareholders over the last seven years. With the success of the business firmly established and set to continue, I leave Playtech financially robust, in good hands and well placed to continue to serve its licensees, shareholders, employees and other stakeholders. I am particularly pleased that Alan has agreed to become Chairman: neither I nor Playtech could ask for a better successor."

Alan Jackson said: "Since the Initial Public Offering, Roger has been a highly valued member of the Board and instrumental to the significant achievements of Playtech. He has successfully navigated Playtech to become the eminent global provider of online gaming software and supplier to world-leading brands. On behalf of the Board and Playtech's shareholders I thank Roger for his substantial contribution."

The Board is advanced in the search for an additional independent Non-executive Director and will make an announcement in due course.

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Further information

Playtech plc Mor Weizer, Chief Executive Officer Ron Hoffman, Chief Financial Officer Adam Kay, Head of Investor Relations c/o Bell Pottinger	+44 (0) 20 7861 3232
Bell Pottinger David Rydell / Olly Scott / Guy Scarborough / Ben Stokes	+44 (0) 20 7861 3232

About Playtech

Playtech develops unified software platforms and content for the online and land-based gaming industry, together with providing a range of ancillary services such as marketing, hosting and CRM services.

The Group's capabilities enable the delivery of an integrated software or turnkey solution, with players accessing online, broadcast, mobile and server-based gaming terminals through a single account.

New licensees include existing online operators upgrading or diversifying their offering, land-based casino groups, government sponsored entities such as lotteries, and new entrants making their online gaming debut, particularly in newly-regulated markets.

Founded in 1999, Playtech is listed on the London Stock Exchange and has approximately 3,000 employees located in eleven countries. Its leading gaming applications include casino, poker, bingo, sports betting, live, mobile and social gaming, casual and fixed odds games.

www.playtech.com 

This information is provided by RNS

The company news service from the London Stock Exchange

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