Sportech PLC Gambling Commission Licence Granted (4727G)
30 May 2017 - 4:02PM
UK Regulatory
TIDMSPO
RNS Number : 4727G
Sportech PLC
30 May 2017
30 May 2017
Sportech PLC ("Sportech" or the "Company")
GBP83m Sale of The Football Pools - Gambling Commission Licence
Granted
All conditions relating to the sale of the Football Pools have
been satisfied
Sportech is pleased to announce that it has been informed by
OpCapita (via its acquisition vehicle FP Acquisition Limited) that
it has been granted a licence by the Gambling Commission.
As a result, all conditions relating to the sale of The Football
Pools business have now been satisfied and completion of the
transaction will occur before the end of June 2017.
Ian Penrose, Chief Executive, of Sportech said:
"This is a significant step towards completion of this
transaction. I would like to thank the dedicated management, staff
and customers who have enhanced the history and success of the
Football Pools. I wish them all continued success."
Henry Jackson, Founder and Chief Executive, of OpCapita
added:
"We are pleased to have secured licencing so that we are able to
move forward with our plans for the Football Pools. We look forward
to taking ownership of the business later next month."
- ends -
For further information, please contact:
Sportech PLC 020 7268 2400
Ian Penrose, Chief Executive
Mickey Kalifa, Chief Financial Officer
Brunswick Group LLP 020 7404 5959
Mike Smith
Stuart Donnelly
sportech@brunswickgroup.com
Investec Bank PLC 020 7597 5970
Patrick Robb
Peel Hunt LLP 020 7418 8900
Dan Webster
This information is provided by RNS
The company news service from the London Stock Exchange
END
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