Source - RNS
RNS Number : 8763Z
Sportech PLC
22 May 2019
 

For immediate release

22 May 2019

 

 

SPORTECH PLC

('Sportech' or the 'Company')

 

Result of Annual General Meeting

 

Sportech, the international betting technology business, announces that at the Company's Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed and approved on a show of hands at the meeting.  The results of the proxy voting position received in advance of the meeting are reported below:

 

Resolution

For


Against


Withheld

Total votes cast


No. of votes

%

No. of votes

%



1.     Ordinary Resolution - to approve the Annual Report and Accounts

 

122,815,622

 

99.99

 

5,240

0.01

238

122,821,100

 

2.     Ordinary Resolution - to approve the Directors' Remuneration Report

 

76,372,106

 

 

 

66.67

 

 

38,178,895

 

33.33

 

8,270,099

 

122,821,100

 

3.     Ordinary Resolution - to re-elect Richard McGuire as a Director

 

105,688,433

 

 

86.05

 

 

17,131,113

 

13.95

 

1,554

 

122,821,100

 

4.     Ordinary Resolution - to re-elect Giles Vardey as a Director

 

78,593,895

 

 

68.61

 

35,955,869

 

31.39

 

8,271,336

 

122,821,100

 

5.     Ordinary Resolution - to elect Thomas Hearne as a Director

 

122,814,306

 

99.99

 

5,240

 

0.01

 

1,554

 

122,821,100

 

6.     Ordinary Resolution - to elect Christian Rigg as a Director

 

122,784,694

 

 

99.97

 

34,852

 

0.03

 

1,554

 

122,821,100

 

7.     Ordinary Resolution - to re-elect PricewaterhouseCoopers LLP as auditors

 

113,590,810

 

99.97

 

33,339

 

0.03

 

9,196,951

 

122,821,100

 

8.     Ordinary Resolution - to authorise the Directors to determine the auditor's fees

 

122,814,306

 

99.99

 

3,475

 

0.01

 

3,319

 

122,821,100

 

9.     Ordinary Resolution - to authorise the Company to make political donations

 

117,868,276

 

99.97

 

4,952.586

 

4.03

 

238

 

122,821,100

 

10.  Ordinary Resolution - To authorise the Directors to allot shares

 

122,476,568

 

99.72

 

342,819

 

0.28

 

1,713

 

122,821,100

 

11.  Special Resolution - To authorise the Directors to disapply pre-emption rights (general authority)

 

122,476,568

 

99.72

 

342,819

 

0.28

 

1,713

 

122,821,100

 

12.  Special Resolution - To disapply pre-emption rights (specific capital investment)

 

122,476,568

 

99.72

342,819

0.28

1,713

122,821,100

 

13.  Special Resolution - To authorise the Directors to make market purchases of the Company's own Ordinary shares.

 

122,814,306

 

99.99

 

5,319

 

0.01

 

1,475

 

122,821,100

 

14.  Special Resolution - To authorise calling of a general meeting other than annual general meetings on 14 clear days' notice.

 

122,231,448

 

99.52

 

589,414

 

0.48

 

238

 

122,821,100

 

Notes:

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.

 

All resolutions put to the meeting were carried.

 

As at the time of the meeting, the Company had 188,751,257 ordinary shares of 0.20 pence each in issue and as such this has been used to calculate the percentage of votes in favour or against each resolution. Each of these shares carry one vote.  The Company held no shares in treasury.

 

Statement regarding voting results

The Board notes that although resolutions 2 and 4 were passed with the necessary majority, around 30% of votes received were against these resolutions.  Whilst the Remuneration Committee and the Board as a whole understand shareholder concerns around the level of remuneration, the Board supports unanimously the Company's current Remuneration Policy. The Remuneration Committee and the Board will continue to respond to shareholder concerns and engage fully with the shareholders on remuneration matters.

 



 

Notice of resolutions passed

Copies of the resolutions passed as special resolutions at the AGM will shortly be available for inspection at the National Storage Mechanism, which is located at: http://www.morningstar.co.uk/uk/nsm.  Appropriate filings will also be made at Companies House in due course.

 

Publication on website

A copy of this announcement and he proxy figures for the resolutions is also available on the Company's website at www.sportechplc.com.

 

- Ends -

 

Contacts:

 

Sportech PLC

Tel: +44 (0) 20 7466 5000

Richard McGuire, Executive Chairman

Ben Harber, Company Secretary

 

Tel: +44 (0) 20 7264 4366



Peel Hunt

Tel: +44 (0) 20 7418 8900

(Corporate Broker to Sportech)

Dan Webster / George Sellar / Guy Pengelley




Buchanan

Tel: +44 (0) 20 7466 5000

(Financial PR adviser to Sportech)

Henry Harrison-Topham / Mark Court / Jamie Hooper

[email protected]

 

 

Notes to Editors

 

About Sportech

Sportech PLC, listed on the London Stock Exchange, provides and operates technology solutions for some of the world's best-known gaming companies, sports teams, horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut, USA under exclusive licences.

 

The Group is an international betting technology business focused on highly regulated markets worldwide.  It has more than 27,000 betting terminals deployed to over 400 clients, across 37 countries including those in the USA, where it operates under 35 licences, across 37 States and processes approximately US$12 billion of bets annually.  The Group has invested over US$60 million in developing its technology services to clients and the successful expansion of its leading US gaming Venues in the last five years, resulting in its proprietary Quantum™ product being the most widely deployed pari-mutuel betting system globally.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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