Tag Archives: jason ader

SpringOwl targets restructuring Playtech’s executive pay policy

The Financial Times reports further boardroom drama brewing at FTSE250 gambling technology group Playtech Plc, as US hedge fund SpringOwl, pushes governance to restructure the firm’s executive remuneration policies Led by renowned activist investor Jason Ader, SpringOwl is reported to want Playtech governance to install a more incentivised executive pay package, structured on share options over cash rewards. SpringOwl’s reported …

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Teddy Sagi sanctions full cash out from Playtech Plc

Representatives of Playtech enterprise founder Teddy Sagi, have today disclosed that the Israeli billionaire has sold his entire remaining shareholding in the FTSE250 technology group. The family office of Teddy Sagi informs that personal investment fund ‘Brickington Trading Ltd’ has approved the sale of 15,193,489 shares in Playtech Plc targeting a £85-90 million transaction, administrated by Credit Suisse Securities. Updating the media, Sagi …

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Ader’s SpringOwl demands a Playtech ‘clean break from Teddy’

According to The Times, US activist investor Jason Ader has called on Playtech Plc to sever all ties with Israeli enterprise founder Teddy Sagi. During the course of 2018, Ader’s New York hedge fund SpringOwl Asset Management has been building up its investment in struggling FTSE250 Playtech Plc – demanding that the governance undertake a group-wide shake-up, boosting returns for investors. …

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Jason Ader demands that Playtech refocus on gambling

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

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Ader’s Springowl returns to gambling eyeing major changes at Playtech Plc

Renowned US activist investor Jason Ader has returned to the gambling scene, securing a reported $100 million stake in FTSE250 gambling technology group Playtech Plc. Ader’s ‘Springowl’ hedge fund is a specialist in activist investments, targeting underperforming listed enterprises and applying pressure on corporate governance to undertake major structural changes. The Times reports that Springowl is pressuring Playtech governance to …

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SpringOwl’s Jason Ader wants Amaya to have a ‘clean break’ from ‘discredited’ David Baazov

Activist investor Jason Ader the CEO of New York hedge fund SpringOwl, has urged the governance of Toronto-listed Amaya Inc to cut its ties with former Chief Executive David Baazov. Canadian business news sources have reported that Ader has sent a formal letter to Amaya governance stating that it was ‘time for the company to fully move on from Baazov’s …

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Springowl’s Silvers leaves bwin.party board

Daniel Silvers one of the non-executive directors appointed to the board of bwin.party Entertainment by investment fund Springowl has stepped down from the governance position. Silvers exits the bwin.party board having withdrawn from his position as Springowl President. Recommended by bwin.party activist investor Jason Ader CEO of Springowl (owner of 5.1% of bwin.party shares). Silvers had been appointed in May …

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GVC reloads bwin.party offer at 125.5 pence per share

This morning GVC Holdings Plc issued a corporate statement confirming that it has made a new fully funded proposal for bwin.party Entertainment, in its attempt to win the takeover of the company from competitor 888 Holdings. Its new proposed bid will see bwin.party shareholders receive 25 pence in cash and 0.231 in new GVC issued shares. Based on GVC’s closing …

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888 Chairman Brian Mattingley wants fair fight for bwin.party

Speaking to The Times, 888 Holdings Chairman Brian Mattingley stated that he remains confident that his firm would win in its pursuit of bwin.party Entertainment, against the increased takeover bid of GVC Holdings. Mattingley who replaced Executive Chairman Richard Kilsby in May, told The UK newspaper that he expects a clean and fair fight for bwin.party operations, as GVC increased …

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Ader’s Springowl tells GVC Holdings to increase its bwin.party bid

New York activist investor Jason Ader has suggested that GVC Holdings Plc will need to increase its 122.5p per share offer in order to succeed in its takeover bid for bwin.party Entertainment. Ader’s investment fund Springowl, which owns 5.2% of bwin.party, has stated that GVC Holdings and its bid backer Cerberus Capital Management will need to up its offer to …

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