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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 |
From Apr 2021 to Apr 2024
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)
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