REG - Sportech PLC - Result of Annual General Meeting

SportechAnnouncement

31/05/2022 14:15

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RNS Number : 4349N  Sportech PLC  31 May 2022

 For immediate release  31 May 2022

 

SPORTECH PLC

('Sportech' or the 'Company')

 

Result of Annual General Meeting

 

The Annual General Meeting of Sportech PLC was held today, Tuesday, 31 May
2022 and the results of the proxy voting position received in advance of the
meeting are reported below.

 

Resolutions 4 and 5 were withdrawn prior to the meeting.

 

 Resolution                                                                      For                  Against              Withheld  Total votes cast
                                                                                 No. of votes  %      No. of votes  %
 1.    Ordinary Resolution - to receive and adopt the Annual Report and          26,928,077    39.43  41,357,000    60.57  2,000     68,285,077
 Accounts

 2.    Ordinary Resolution - to receive and approve the Directors'               21,181,343    31.02  47,105,734    68.98  0         68,287,077
 Remuneration Report

 3.    Ordinary Resolution - to elect Nicola Rowlands as a Director              68,035,052    99.99  2,025         0.01   250,000   68,037,077

 4.    Ordinary Resolution - to elect Andrew Lindley as a Director               Withdrawn

 5.    Ordinary Resolution - to elect Ben Warn as a Director                     Withdrawn

 6.    Ordinary Resolution - to elect Richard McGuire as a Director              67,893,951    99.42  393,126       0.58   0         68,287,077

 7.    Ordinary Resolution - to elect Clive Whiley as a Director                 68,285,052    99.99  2,025         0.01   0         68,287,077

 8.    Ordinary Resolution - to re-appoint BDO LLP as auditors                   46,685,875    68.37  21,601,202    31.63  0         68,287,077

 9.    Ordinary Resolution - to authorise the Directors to determine the         68,283,731    99.99  2,025         0.01   1,321     68,285,756
 auditor's fees

 10.    Ordinary Resolution - to authorise the Company to make political         68,278,152    99.99  8,925         0.01   0         68,287,077
 donations

 11.  Ordinary Resolution - To authorise the Directors to allot shares           68,285,052    99.99  2,025         0.01   0         68,287,077

 12.  Special Resolution - To authorise the Directors to disapply pre-emption    67,650,497    99.99  2,025         0.01   634,555   67,652,522
 rights (general authority)

 13.  Special Resolution - To disapply pre-emption rights (specific capital      68,283,065    99.99  4,012         0.01   0         68,287,077
 investment)

 14.  Special Resolution - To authorise the Directors to make market purchases   68,285,052    99.99  2,025         0.01   0         68,287,077
 of the Company's own Ordinary shares.

 15.  Special Resolution - To authorise calling of a general meeting other       68,285,052    99.99  2,025         0.01   0         68,287,077
 than annual general meetings on 14 clear days' notice.

Statement regarding voting results

 

The Board notes that Resolution 1 Adopting the Annual Report and Accounts and
Resolution 2, receiving and approving the remuneration report did not receive
the required 50% majority of votes in favour. In addition, Resolution 8, the
reappointment of Auditors, only passed with a 69% majority. The Board has
taken note of the voting and will engage further with major shareholders on
these matters.

 

 

Notes:

 

*As announced on the 25 May 2022, Ben Warn decided to step down from his role
as Non-Executive Director and did no stand for re-election. In addition, as
announced this morning, Andrew Lindley stepped down from his role as Chief
Executive Officer and did not stand for election.

 

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 or against a resolution.

 

Publication on website

A copy of this announcement is also available on the Company's website
at www.sportechplc.com (http://www.sportechplc.com/) .

 

 

Contacts:

 

 Sportech PLC                                enquiries@sportechplc.com

 Richard McGuire, Non-Executive Chairman

 Clive Whiley, Senior Independent Director

 Peel Hunt (Nominated Adviser and 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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