Playtika Holding Corp. (NasdaqGS:PLTK) announces a share repurchase program. Under the program, the company will repurchase up to 51,813,472 shares for $600 million.

The shares will be repurchased at a price of $11.58 per share. The shares will be repurchased from Playtika Holding UK II Limited, Alpha Frontier Limited, Shanghai Cibi Business Information Consultancy Co., Ltd., Shanghai Jukun Network Technology Co., Ltd., Giant Network Group Co., Ltd., Giant Investment Co., Ltd., Yuzhu Shi, Hazlet Global Limited, Equal Sino Limited and Jing Shi (collectively, the “Giant/Alpha Group”. The company intends to pay for the shares and fees and expenses applicable to the offer with cash on hand.

The company intends to hold the shares we acquire pursuant to the Offer in treasury. If the offer is oversubscribed, the company will prorate the number of shares accepted for payment. The company may increase the number of shares accepted for payment in the offer by no more than 2% of the outstanding shares without extending the Offer.

The offer will expire on September 26, 2022, unless the offer is extended or terminated. As of August 24, 2022, the company had 412,642,934 shares outstanding.