REG - Sportech PLC - Directorate Change

SportechAnnouncement

14/04/2022 07:16

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RNS Number : 3234I  Sportech PLC  14 April 2022

14 April 2022

 

SPORTECH PLC

('Sportech', the 'Company' or the 'Group')

 

Statement re Board Changes

 

Sportech, an international betting and technology business, announces the
following changes to its board of directors (the "Board"), with effect from
today, 14 April 2022.

 

Giles Vardey has decided to step down from his role as Independent
Non-Executive Chairman.

 

Giles joined Sportech in November 2017 as non-executive director before
progressing to non-executive Chairman in July 2019. During his tenure Giles
has overseen transformational change in the business of the Group, in
particular the disposals of a number of divisions and reduction in the overall
size of the business whilst returning significant cash to shareholders. With
the transformational work to date completed and the smaller business going
forward, Giles felt that the time was apposite for change.

 

Richard McGuire, a current non-executive director will step up to the Chairman
role. Richard brings extensive experience of the Company to the role.  Clive
Whiley, a current non-executive director will become senior independent
director.

 

The Board would like to thank Mr Vardey for his considerable service to the
Company since taking on the Chairmanship in July 2019 and welcome Mr McGuire
to his new role.

 

Commenting on his appointment, Richard McGuire said: "Giles brought more than
35 years of business and boardroom experience to the role and served the
Company professionally at every stage. I very much look forward to working
with the Sportech Board and wider team and continuing the core strategic
initiative to generate attractive shareholder returns."

 

Giles Vardey said: "I am extremely proud to have served Sportech for the last
five years. Collectively, we transformed the business, building a more robust
platform and strong balance sheet for the future execution of the Board's
strategic aims."

 

Andrew Lindley, Chief Executive Officer, said: "I would like to thank Giles
for the energy and passion he has brought to the role as Chairman. He has
steered the Group admirably during its recent and significant transformation
as well as through the unprecedented trading challenges brought about by the
pandemic."

 

Contacts:

 

 Sportech PLC                                   enquiries@sportechplc.com

 Richard McGuire, Non-Executive Chairman

 Andrew Lindley, Chief Executive Officer

 Nicola Rowlands, Chief Financial Officer

 Peel Hunt  (Nominated Adviser & Broker)        Tel: +44 (0) 20 7418 8900

 George Sellar

 Andrew Clark

 Lalit Bose

Notes to Editors:

 

About Sportech

Sportech is a technology supplier and operator in the gambling market with two
core businesses: A digital omni channel platform for gaming verticals
including its own in-house lottery module as its B2B offering. In B2C, the
Company operates Sports Bars and other venues in the State of Connecticut USA
where it deploys its exclusive licence to offer pari-mutuel wagering in the
State and a distribution agreement with the Connecticut Lottery Corporation to
offer sports betting in the State. It also has the exclusive licence to
operate pari-mutuel betting online in Connecticut, which it does under the
MyWinners.com brand, and a general licence for pari-mutuel betting online
across the wider USA under the 123Bet.com brand.

 

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