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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sportech Plc | LSE:SPO | London | Ordinary Share | GB00BRV2F192 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 84.00 | 82.00 | 86.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSPO
RNS Number : 9532M
Sportech PLC
24 September 2021
For immediate release
24 September 2021
Sportech PLC
("Sportech" or the "Company")
CAPITAL REDUCTION AND TENDER OFFER
EXPECTED TIMETABLE
Sportech (AIM: SPO), an international betting technology business, is pleased to announce that the final hearing in the Court process to reduce its share capital (the "Capital Reduction") to create a distributable reserve necessary to implement its tender offer (the "Tender Offer") is expected to be held on 28 September 2021.
Further details of the Capital Reduction and the Tender Offer are set out in the circular sent to the Company's shareholders on 6 August 2021 (the "Circular"). A copy of the Circular is available on the Company's website at www.sportechplc.com.
An updated expected timetable in connection with the Capital Reduction and Tender Offer is set out below.
The Company will announce the outcome of the Final Hearing on 28 September 2021.
2021 Final Court Hearing to confirm 28 September the Capital Reduction Expected date of registration 29 September of the Court Order and the Capital Reduction becoming effective Latest time and date for receipt 1.00 p.m. on 13 October of Tender Forms and submission of TTE Instructions from Shareholders Record date and time for the 6.00 p.m. on 13 October Tender Offer Results of Tender Offer elections 14 October announced CREST Settlement Date: payments 21 October through CREST and CREST accounts settled Balancing share certificates 21 October and cheques despatched to certificated Shareholders
Note
The times and dates set out in this timetable are based on the Company's current expectations and are subject to change. The times and dates are indicative only and will depend, among other things, on the date upon which the Court confirms the Capital Reduction. Any changes to the timetable will be notified to Shareholders by an announcement made by the Company through a Regulatory Information Service. References to times in this document are to London time.
ENDS
Contacts Sportech PLC enquiries@sportechplc.com Giles Vardey, Chairman Andrew Lindley, Chief Executive Officer Nicola Rowlands, 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.
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END
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(END) Dow Jones Newswires
September 24, 2021 10:12 ET (14:12 GMT)
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