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A spokesman for Playtech denied there had been a shareholder backlash over the proposals, which analysts warned at the time would “disappoint” investors due to the related party nature of the transactions.
The spokesman said the process of securing shareholder approval for the deal, announced on April 17, through an EGM would have had a “stalling effect” on the company’s progress towards a premium listing.
Read More: Playtech abandons €95m acquisition plans - Telegraph