SPO Sportech Plc

TIDMSPO

RNS Number : 7989J

Sportech PLC

25 August 2021

 
 For immediate release   25 August 2021 
 

Sportech PLC

("Sportech" or the "Company")

Capital Reduction

Sportech (AIM: SPO), an international betting technology business, is pleased to announce that, following the approval by shareholders at a general meeting held on 23 August 2021, the process to reduce its share capital (the "Capital Reduction") to create a distributable reserve necessary to implement its tender offer (the "Tender Offer"), has commenced.

Further details concerning the Capital Reduction and the Tender Offer are set out in the circular sent to the Company's shareholders dated 6 August 2021.

Following a hearing at the Court of Session at Edinburgh earlier today, the Court has ordered that the Company advertise its Petition and seek answers thereto. Following that advertisement and the fixing of the date for the final hearing, the Company will announce the expected timetable for the next steps of the Capital Reduction and the Tender Offer.

- Ends -

 
 Contacts: 
 Sportech PLC 
  Giles Vardey, Chairman                 enquiries@sportechplc.com 
  Richard McGuire, Chief Executive 
  Officer 
  Tom Hearne, Chief Financial 
  Officer 
 Peel Hunt (Nominated Adviser            Tel: +44 (0) 20 7418 8900 
  & Broker) 
  George Sellar 
  Andrew Clark 
  Will Bell 
 Buchanan (Financial Communications)     Tel: +44 (0) 20 7466 5000 
  Henry Harrison-Topham                   sportech@buchanan.uk.com 
  Jamie Hooper 
  George Beale 
 

Notes to Editors:

About Sportech

Sportech PLC, an international betting technology business, delivers solutions and services for gaming companies and lottery clients in highly regulated markets. Sportech also owns and operates gaming venues and digital betting platforms in Connecticut under exclusive licences.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCEASPSALKFEFA

(END) Dow Jones Newswires

August 25, 2021 12:00 ET (16:00 GMT)

Sportech (LSE:SPO)
Historical Stock Chart
From Apr 2024 to May 2024

Sportech (LSE:SPO)
Historical Stock Chart
From May 2023 to May 2024