REG - Sportech PLC - Directorate Change

SportechAnnouncement

28/07/2022 07:16

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RNS Number : 9938T  Sportech PLC  28 July 2022

28 July 2022

 

SPORTECH PLC

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

 

Board Change

 

Sportech plc announces that Nicola Rowlands, Chief Financial Officer
(CFO), has advised the Board that, she is stepping down from her position,
effective from 30 September 2022, to take up the position of Deputy CFO at
DEPT®, a digital marketing services group.

 

The Board is considering its appropriate composition going forward and is
looking to appoint a replacement in due course. Nicola will remain with the
Company through the release of the interim results in September ensuring an
orderly transition.

 

Richard McGuire, Executive Chairman, commented: "We are grateful to Nicola for
her dedication, professionalism and support to the Group, specifically during
the recent years when she played a pivotal role in the transactions and
restructuring the business, resulting in the elimination of debt and returning
significant capital to shareholders. She will leave here with our best wishes
for her future career."

 

Nicola Rowlands, Chief Financial Officer, commented: "I have been with
Sportech for nearly twelve years and have thoroughly enjoyed my time at the
company and am proud of what has been achieved by its management and
employees. However, I believe it is time to move to the next stage of my
career with DEPT®. I am confident that Sportech will continue to deliver
value for shareholders and customers alike and I wish the Board and the team
all the very best for the future."

 

 

 

 

 

Contacts:

 

 Sportech PLC                                     enquiries@sportechplc.com

 Richard McGuire, Executive Chairman

 Clive Whiley, Senior Independent Non-Executive

 Nicola Rowlands, Chief Financial Officer

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

 George Sellar

 Andrew Clark

 Lalit Bose

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU No. 596/2014) (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

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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