, the founder of technology company Playtech, looks set for a £316 million windfall after divesting approximately 10.1 percent of his holdings in the company.
Playtech, owner of the iPoker Network, issued a statement to the London Stock Exchange on June 27 details Sagi’s personal investment vehicle Brickington Trading Limited was prepared to offload approximately 32 million shares in Playtech. Once executed, Sagi’s holding in Playtech will be reduced from 17.8 percent to 7.7 percent.
Sagi founded Playtech in 1998 and has so far made more than $1.35 billion in cash from selling his shares.