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Winvia to start trading on Monday as eyes £205 million market cap

ALN

Winvia Entertainment PLC on Tuesday said it will start trading on London’s AIM Market next week Monday.

The London-based technology-led entertainment business is focused on the large and ‘highly fragmented’ UK prize draw market, and the regulated Romanian online gaming market.

Winvia expects a market capitalisation of £205.0 million on admission. A week ago, it had announced it plans to raise £40.0 million via a placing.

On Tuesday, it said about 105.1 million shares will be admitted, while noting about 83% of securities will not be in public hands at admission.

Currently, Teddy Sagi has a 83.0% stake in the company, with this expected to drop to 69.5% on admission. Further, Keyplay Holdings Ltd’s 17.0% stake in Winvia is anticipated to fall to 13.7% on admission.

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