Sportech PLC
("Sportech" or the "Company")
Result of General Meeting
Sportech, an international betting technology business, is pleased to announce that, at a general meeting (the "General Meeting") held earlier today, the special resolution put to shareholders to approve the cancellation of the listing of the Company's ordinary shares of 20 pence each ("Ordinary Shares") on the Official List and from trading on the London Stock Exchange's main market for listed securities (the "Delisting") and the admission of the Ordinary Shares to trading on AIM (the "AIM Admission") was duly passed.
The results of the proxy voting position received in advance of the meeting is reported below:
| Resolution | For | Against | Withheld | Total votes cast | ||
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| No. of votes | % | No. of votes | % |
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| To authorise the Delisting and AIM Admission | 120,394,313 | 99.99% | 14,770 | 0.01% | 529,334 | 120,409,083 |
Following the passing of the above resolution, the Company expects to make the requisite applications in respect of the Delisting and the AIM Admission. The Delisting is expected to become effective at 8.00 a.m. on 28 July 2021 and the AIM Admission is expected to become effective at 8.00 a.m. on the same date, 28 July 2021. The Company's EPIC code (TIDM or ticker) will continue to be SPO.
Unless otherwise defined herein, capitalised terms in this announcement have the same meaning as in the shareholder circular published on 4 June 2021 available on the Company's website at www.sportechplc.com.
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 the resolution.
As at the time of the meeting, the Company had 188,751,257 Ordinary Shares in issue and as such this has been used to calculate the percentage of votes in favour or against the resolution. Each of these shares carry one vote. The Company held no shares in treasury.
A copy of the resolution will shortly be available for inspection at the National Storage Mechanism, which is located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
- Ends -
Contacts:
| Sportech PLC | Tel: +44 (0) 117 902 9000 |
| Giles Vardey, Chairman Richard McGuire, Chief Executive Officer
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| Peel Hunt | Tel: +44 (0) 20 7418 8900 |
| (Corporate Broker to Sportech) George Sellar / Andrew Clark / Will Bell
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| Buchanan | Tel: +44 (0) 20 7466 5000 |
| (Financial PR adviser to Sportech) Henry Harrison-Topham / Jamie Hooper | sportech@buchanan.uk.com |
Notes to Editors:
About Sportech
Sportech PLC, an international betting technology business, delivers solutions and services for gaming companies, casinos and lottery clients in highly regulated markets. Sportech also owns and operates gaming venues and digital betting platforms in Connecticut under exclusive licences.
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