Sportech PLC Appointment of Chief Financial Officer (3955N)

TIDMSPO

RNS Number : 3955N

Sportech PLC

08 May 2018

 
                                                  08 May 2018 
 

Sportech PLC

('Sportech' or the 'Group' or the 'Company')

Appointment of Chief Financial Officer

Sportech, the international betting technology business, is pleased to announce the appointment of Thomas Hearne to the Board of Directors as Chief Financial Officer, ('CFO') with effect from 14 May 2018.

Tom has extensive prior experience in CFO and Director roles with public companies, international firms, and start-ups in sports-related digital media and technology, most recently as CFO for theScore, Inc., a digital media spin-off from Score Media, Inc. Tom, who qualified as a Chartered Accountant in Canada also holds an MBA.

Commenting on the appointment, Andrew Gaughan, CEO said, "We are pleased to have secured Tom's talent to the Group. His experience in the fields of digital technology and sports media, and his long track record of driving growth, increasing profitability, and executing successful M&A transactions, perfectly aligns with our commitment to deliver transparent financial reporting and tangible growth for our shareholders."

Tom Hearne said, "I am very happy to be joining the Sportech Group and I look forward to working closely with Andrew, the Sportech Board, and Senior Management to deliver on core objectives and maximise the potential of the Company's opportunities."

Aligning with the shift in senior management from the UK to North America, Tom will be based in the Group's Toronto office alongside Group CEO Andrew Gaughan.

Regulatory disclosures

Thomas Joseph Hearne, is not currently and has not at any time in the previous five years been a director of any other publicly quoted company. There is no further information required to be disclosed pursuant to Listing Rule 9.6.13 R in relation to Mr. Hearne.

Publication on website

A copy of this announcement is also available on the Group's website at www.sportechplc.com.

Contacts:

 
 Sportech PLC                               Tel: +44 (0) 20 
                                                  7268 2400 
 Andrew Gaughan, Chief Executive 
  Officer 
 
 
 Peel Hunt                                  Tel: +44 (0) 20 
                                                  7418 8900 
 (Corporate Broker to Sportech) 
  Dan Webster / George Sellar 
 
  Buchanan                                  Tel: +44 (0) 20 
                                                  7466 5000 
 (Financial PR adviser to          [e-mail] 
  Sportech) 
  Henry Harrison-Topham / Mark 
  Court / Jamie Hooper 
 

Notes to Editors:

About Sportech

Sportech PLC, listed on the London Stock Exchange, provides and operates technology solutions for some of the world's best-known gaming companies, sports teams, horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut, USA under exclusive licences.

The Group is the international betting technology business focusing on highly regulated markets worldwide. It has more than 27,000 betting terminals deployed to over 400 clients, across 37 countries including those in the USA, where it operates under 35 licences, across 37 States and processes approximately US$12 billion of bets annually. The Group has invested over US$60 million in developing its technology services to clients and the successful expansion of its leading US gaming Venues in the last five years, resulting in its proprietary Quantum(TM) product being the most widely deployed pari-mutuel betting system globally.

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAAPMJTMBIMBLP

(END) Dow Jones Newswires

May 08, 2018 09:55 ET (13:55 GMT)