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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 : 8279J
Sportech PLC
24 December 2020
24 December 2020
Sportech PLC
("Sportech", the "Company" or the "Group")
Result of General Meeting
The Company is pleased to announce that, at a general meeting (the "General Meeting") held earlier today, the ordinary resolution put to shareholders in connection with the disposal of the Company's Global Tote business to Betmakers Technology Group Ltd ("Betmakers") (the "Disposal") was duly passed by a requisite majority in the form it appeared in the notice of General Meeting dated 7 December 2020.
A non-refundable initial payment of GBP6.18 million, representing 20 per cent. of the total consideration due in connection with the Disposal, is now payable by Betmakers. The remaining consideration for the Disposal is payable in cash upon completion of the Disposal (subject to certain adjustments).
The resolution put to the General Meeting was voted on by way of a poll and the results were as follows: 113,385,317 votes for (representing 99.81%); 210,407 votes against (representing 0.19%); 515,871 votes withheld; and total votes validly cast of 113,595,724 (representing 60.18% of the Company's total issued share capital).
Notes:
1. Proxy appointments which gave discretion to the Chairman of the General Meeting have been included in the "For" total.
2. A "Vote Withheld" is not a vote in law and is not counted in the calculation of the proportion of votes "For" or "Against" the resolution nor in the calculation of the proportion of "Percentage of Issued Share Capital" voted.
3. The percentage of votes "For" and "Against" the resolution is expressed as a percentage of votes validly cast for the resolution. The total number of shares in issue at 6.00 p.m. on Tuesday 22 December 2020 was 188,751,257 ordinary shares of 20 pence each.
4. In accordance with the Company's obligations under Listing Rule 9.6.2, copies of the resolution have been submitted to the National Storage Mechanism and will shortly be available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
For further information, please contact:
Sportech PLC Tel: +44 (0) 117 902 Giles Vardey, Chairman 9000 Richard McGuire, Chief Executive Officer Tom Hearne, Chief Financial Officer Peel Hunt LLP - Sponsor and Corporate Tel: +44 (0) 20 7418 Broker 8900 George Sellar Andrew Clark Will Bell Buchanan Tel: +44 (0) 20 7466 Henry Harrison-Topham 5000 Jamie Hooper sportech@buchanan.uk.com
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END
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(END) Dow Jones Newswires
December 24, 2020 05:30 ET (10:30 GMT)
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