Sportech PLC Result of General Meeting (8279J)
24 December 2020 - 9:30PM
UK Regulatory
TIDMSPO
RNS Number : 8279J
Sportech PLC
24 December 2020
24 December 2020
Sportech PLC
("Sportech", the "Company" or the "Group")
Result of General Meeting
The Company is pleased to announce that, at a general meeting
(the "General Meeting") held earlier today, the ordinary resolution
put to shareholders in connection with the disposal of the
Company's Global Tote business to Betmakers Technology Group Ltd
("Betmakers") (the "Disposal") was duly passed by a requisite
majority in the form it appeared in the notice of General Meeting
dated 7 December 2020.
A non-refundable initial payment of GBP6.18 million,
representing 20 per cent. of the total consideration due in
connection with the Disposal, is now payable by Betmakers. The
remaining consideration for the Disposal is payable in cash upon
completion of the Disposal (subject to certain adjustments).
The resolution put to the General Meeting was voted on by way of
a poll and the results were as follows: 113,385,317 votes for
(representing 99.81%); 210,407 votes against (representing 0.19%);
515,871 votes withheld; and total votes validly cast of 113,595,724
(representing 60.18% of the Company's total issued share
capital).
Notes:
1. Proxy appointments which gave discretion to the Chairman of
the General Meeting have been included in the "For" total.
2. A "Vote Withheld" is not a vote in law and is not counted in
the calculation of the proportion of votes "For" or "Against" the
resolution nor in the calculation of the proportion of "Percentage
of Issued Share Capital" voted.
3. The percentage of votes "For" and "Against" the resolution is
expressed as a percentage of votes validly cast for the resolution.
The total number of shares in issue at 6.00 p.m. on Tuesday 22
December 2020 was 188,751,257 ordinary shares of 20 pence each.
4. In accordance with the Company's obligations under Listing
Rule 9.6.2, copies of the resolution have been submitted to the
National Storage Mechanism and will shortly be available for
viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism
.
For further information, please contact:
Sportech PLC Tel: +44 (0) 117 902
Giles Vardey, Chairman 9000
Richard McGuire, Chief Executive Officer
Tom Hearne, Chief Financial Officer
Peel Hunt LLP - Sponsor and Corporate Tel: +44 (0) 20 7418
Broker 8900
George Sellar
Andrew Clark
Will Bell
Buchanan Tel: +44 (0) 20 7466
Henry Harrison-Topham 5000
Jamie Hooper
sportech@buchanan.uk.com
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END
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