REG - Sportech PLC - Total Voting Rights and Distribution

SportechAnnouncement

24/07/2023 17:30

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RNS Number : 0149H  Sportech PLC  24 July 2023

 24 July 2023

 

SPORTECH PLC

('Sportech' or the 'Company')

 

Total voting rights and distribution

 

Following completion of the Share Capital Restructure and on-market buy back
announced on 26 June 2023 and in conformity with Rule 5.6.1 of the FCA's
Disclosure and Transparency Rules, the Company notifies the market that
290,000 ordinary shares of 10p each in the capital of the Company (the
"Repurchased Shares") have been repurchased by the Company in connection with
the Share Capital Restructure. The Company's issued share capital will
comprise 9,710,000 ordinary shares of 10p each (the "Shares") following the
cancellation of the Repurchased Shares, which will take place on 25 July 2023.
All of the Shares will have equal voting rights and there will be no Shares
held in treasury.

This figure of 9,710,000 Shares represents the total voting rights in the
Company and, from 25 July 2023, may be used by shareholders as the denominator
for the calculations by which they can determine if they are required to
notify their interest in, or a change to their interest in, the Company under
the Financial Conduct Authority's Disclosure and Transparency Rules.

The Company also confirms the capital distribution, announced on 26 June 2023,
of 35 pence per Share to registered shareholders by reference to their holding
of Shares as at 6.00 p.m. on 28 July 2023. The ex-dividend date in respect of
the distribution is 6.00 p.m. on 27 July 2023, with a payment date of 11
August 2023.

Contacts:

 

 Sportech PLC                                 enquiries@sportechplc.com

 Richard McGuire, Non-Executive Chairman

 Clive Whiley, Senior Independent Director

 Peel Hunt (Nominated Adviser & Broker)

                                              Tel: +44 (0) 20 7418 8900

 George Sellar

 Andrew Clark

 Lalit Bose

 

Notes to Editors:

 

About Sportech

 

Sportech operates in the gaming market and has two main businesses. Firstly,
it runs Sports Bars and other betting venues in Connecticut, USA, where it has
an exclusive license to offer pari-mutuel wagering, it also has a distribution
agreement with the Connecticut Lottery Corporation to provide retail sports
betting. Secondly, Sportech provides online gaming through two separate lines
of business. Mywinners.com operates under an exclusive license to offer
pari-mutuel betting online in Connecticut, while 123bet.com offers pari-mutuel
betting online across the wider USA.

 

 

 

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