Sportech PLC Result of General Meeting (8299O)

TIDMSPO

RNS Number : 8299O

Sportech PLC

05 October 2023

5 October 2023

SPORTECH PLC

('Sportech' or the 'Company')

Result of General Meeting

Sportech, an international betting and technology business, announces that, at the Company's General Meeting held earlier today, all resolutions put to the Company's shareholders and voted on by way of poll were duly passed.

As a result of the passing of resolution 1, cancellation of admission of the Company's ordinary shares of 10p each ("Shares") to trading on AIM will become effective on 17 October 2023. As a result of the passing of resolution 2, the Company will re-register as a private limited company with the name Sportech Limited and adopt new articles of association, which is expected to take place in the week commencing 23 October 2023.

Shareholders are reminded that the last day of dealings in Sportech plc ordinary shares on AIM will be 16 October 2023.

The results of the polls were as follows:

 
  Resolution           Votes For              Votes Against         Votes          Total 
                                                                   Withheld         Votes 
  (*indicates                                                                  Cast (excluding 
    special                                                                       Withheld) 
  resolution) 
                 No. of     % of Shares   No. of    % of Shares    No. of 
                  Shares       voted       Shares      voted        Shares 
               ----------  ------------  --------  ------------  ---------- 
      1*        7,879,532     99.53%      37,276       0.47%          -          7,916,808 
               ----------  ------------  --------  ------------  ----------  ----------------- 
      2*        7,883,532     99.58%      33,276       0.42%          -          7,916,808 
               ----------  ------------  --------  ------------  ----------  ----------------- 
 

Notes:

1. A vote withheld is not a vote in law and is not counted in the calculation of the percentage of the votes validly cast "for" and "against" a resolution.

2. Valid proxy instructions were received in respect of 7,916,808 Shares representing 81.53% of the issued share capital.

3. Any proxy appointments which gave discretion to the Chairman have been included in the "for" total.

The total number of Shares in issue as at 5 October 2023 was 9,710,000, with no Shares held in treasury. Accordingly, the total number of voting rights in the Company as at 5 October 2023 was 9,710,000.

With effect from Cancellation, the Company expects to implement a matched bargain facility to facilitate future trading in its Shares. A further announcement will be made in due course.

Further details of the Cancellation, and the full text of the resolutions proposed and passed at the General Meeting, are set out in the Circular dated 19 September 2023. Terms defined in the Circular apply throughout this announcement. A copy of the Circular is available on the Company's website, www.sportechplc.com .

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

For further information, please contact:

 
Sportech PLC                            [e-mail] 
 
 Richard McGuire, Executive Chairman 
 Clive Whiley, Senior Independent 
 Director 
 
  Peel Hunt (Nominated Adviser          Tel: [phone] 
  & Broker) 
 
  George Sellar 
  Andrew Clark 
  Lalit Bose 
 

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 [e-mail] 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

RAGUPGCCUUPWURA

(END) Dow Jones Newswires

October 05, 2023 05:00 ET (09:00 GMT)