The largest shareholders in 888 Holdings, owners of 888poker, the Shaked Family, have reduced their equity in the company by 37 percent after selling 40 million shares.
Under rules of the London Stock Exchange, companies must report any substantial purchases or sales of shares so the sale was made public via a Regulatory News Service or RNS.
The RNS issued on Jun. 6 shows that the Sinitus Nominees Limited as trustee of the O Shaked Shares Trust triggered the sale of 40 million shares on May 31 and as a result now own 46,283,534 shares or 12.