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REG - Sportech PLC - Result of General Meeting

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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 Withheld  Total Votes Cast (excluding Withheld)

 (*indicates special resolution)
                                   No. of Shares  % of Shares voted  No. of Shares  % of Shares voted  No. of 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 (http://www.sportechplc.com) .

 

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

 

 

For further information, please contact:

 

 Sportech PLC                                  enquiries@sportechplc.com

 Richard McGuire, Executive Chairman

 Clive Whiley, Senior Independent Director

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

 George Sellar

 Andrew Clark

 Lalit Bose

 

 

 

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