Isle Of Man-based Playtech recently revealed that total revenues for the first quarter of 2012 had increased by 104 percent year-on-year to 75.1 million euros and the firm has now applied to have its ordinary shares listed on the premium segment of the UK Listing Authority’s Official List alongside admission for trading on the Main Market.
“Pursuant to Rule 41 of the AIM rules for companies, the company hereby gives notice of the intended cancellation of trading of its shares on the AIM market of the London Stock Exchange,” read a statement from Playtech issued last Wednesday.
“The company believes that the Official List is the most appropriate platform for the continued growth of the group by increasing Playtech's profile, assisting in the liquidity of the company's shares and providing a greater range of potential investors for the company,” it added.
Playtech stated that it expects to publish a prospectus in connection with the admission on June 28 before its ordinary shares are admitted onto the Official List for trading on July 2 ‘subject to the receipt of the necessary approvals from the UK Listing Authority and the London Stock Exchange’.