Sportech PLC
25 October 2000
SPORTECH PLC
Board Changes and Rationalisation of Head Office Functions
The Board of Sportech plc (the 'Company' or 'Sportech') announces that it has
decided to close the Company's office in Edinburgh, transferring its current
functions to Liverpool, where its principal operating subsidiary, Littlewoods
Leisure, is based. The registered office of the Company will, however, remain
in Scotland.
David Mathewson, Finance Director, who was involved in the acquisition of
Littlewoods Leisure by the Company, has elected not to continue his present
role based in Liverpool and will, therefore, resign as Finance Director,
reverting to non-executive director with effect from 1st November 2000. Gary
Speakman, currently Finance Director of Littlewoods Leisure, will become
Finance Director of Sportech plc with effect from the same date.
The Company confirms that there are no details which require to be disclosed
under paragraph 6.F.2 (b) - (g) of the UKLA Listing Rules.
Enquiries:
Sportech Plc 0151 288 3561
Malcolm McIver, Chairman
Colin McGill, Managing Director
Notes to editors:
1. On 27 June 2000, Rodime plc (since renamed Sportech plc) announced that it
had agreed to acquire Littlewoods Leisure from The Littlewoods Organisation
plc. The consideration for the acquisition was £161.8 million. Littlewoods
Leisure is the UK's leading pools promoter, whose operations include football
pools, Spot the Ball, telephone betting and internet gaming, lotteries and
lottery management.
2. David Mathewson became Finance Director of Sportech with effect from 6 July
2000, having previously been a non-executive director of the Company. He is
also a director of Edinburgh UK Tracker Trust plc and Martin Currie High
Income Trust plc.
3. Gary Speakman, 39, has been Finance Director of Littlewoods Leisure for 3
years, having previously worked for The Littlewoods Organisation plc, Gallaher
Ltd, Leyland DAF, Rover Group and Dowty Group.
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