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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 : 9367J
Sportech PLC
27 August 2021
For immediate release 27 August 2021
Sportech PLC
('Sportech', the 'Company' or the 'Group')
Director Changes
Sportech (AIM:SPO), an international betting technology business, is pleased to announce a number of changes to its Board post the reduction in the operational scale of the Group. This follows a complete evaluation of the Group's business lines; the completion of the previously announced disposals which has led to the proposed substantial capital return; and also the recent positive outcome to the Connecticut sports betting potential.
As a result of this Richard McGuire (CEO) and Tom Hearne (CFO) will step down from their current roles, following the release of the Company interim results on Thursday, 9 September 2021. The Company is also pleased to announce two internal promotions. Andrew Lindley, formerly the Group's COO, will become CEO and Nicola Rowlands is promoted to CFO from her current position as Group Financial Controller. Andrew and Nicola will also join the Sportech Plc Board, today.
Richard and Tom will remain with Sportech through the release of the Interim Results in September, assisting in an orderly transition and will remain available to support the business through to the end of the year.
Giles Vardey, Chairman of Sportech, said: "The Board is extremely grateful to Richard and Tom for their passionate leadership, their sourcing and executing of numerous corporate transactions and their dedication and commitment in implementing strategic objectives over several years. They leave their roles with the thanks and gratitude of many people in the Company and our stakeholders. We wish them both continued success. We are also looking forward to working with Andrew and Nicola, who are very familiar with the business and its markets, and welcome them to the Board."
Richard McGuire, commented: "After several years of restructuring the business and pursuing a clear goal of realising shareholder value where possible, that objective has been mostly achieved. Given the major changes in the Company's business and structure, I believe that now is the right time to hand over the leadership reins to Andrew and Nicola. It's been my honour to work with so many dedicated Company professionals, business partners and supportive shareholders and I look forward to supporting each, however required in the future."
Disclosures required by Schedule 2(g) of the AIM Rules for Companies:
Andrew James Lindley, aged 50, holds or has previously held the following directorships and partnerships in the last five years:
Current appointments Appointments held within the last five years LOT.TO SYSTEMS LIMITED DCD MEDIA PLC 123 HOLDINGS LIMITED AMALGAMATED RACING LIMITED PLAYLOT.TO LIMITED ASIAN RACING MEDIA LIMITED IC DEVELOPMENT INVESTORS LIMITED IC DEVELOPMENT LIMITED LIGHTBULB INVESTMENTS LIMITED BRONZE BARON LIMITED WORLDWIDE BESPOKE SYSTEMS LIMITED INTERNATIONAL TURF CLUB LIMITED
Nicola Jane Rowlands (formerly McCabe), aged 40, does not hold, and has not held within the last five years, any directorships of any companies or partnerships requiring declaration.
Andrew and Nicola currently hold 450,000 and 42,860 ordinary shares in the Company respectively.
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules for Companies in respect of Andrew Lindley or Nicola Rowlands.
- Ends -
Contacts: Sportech PLC enquiries@sportechplc.com Giles Vardey, Chairman Richard McGuire, Chief Executive 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.
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August 27, 2021 02:00 ET (06:00 GMT)
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