Result of Annual General Meeting

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Resolutions 4 and 5 were withdrawn prior to the meeting.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 Accounts	26,928,077	39.43	41,357,000	60.57	2,000	68,285,077
2.  Ordinary Resolution - to receive and approve the Directors' Remuneration Report	21,181,343	31.02	47,105,734	68.98	0	68,287,077
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  Ordinary Resolution - to elect Andrew Lindley as a Director	Withdrawn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  Ordinary Resolution - to elect Ben Warn as a Director	Withdrawn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 auditor's fees	68,283,731	99.99	2,025	0.01	1,321	68,285,756
10.  Ordinary Resolution - to authorise the Company to make political donations	68,278,152	99.99	8,925	0.01	0	68,287,077
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 rights (general authority)	67,650,497	99.99	2,025	0.01	634,555	67,652,522
13.  Special Resolution - To disapply pre-emption rights (specific capital investment)	68,283,065	99.99	4,012	0.01	0	68,287,077
14.  Special Resolution - To authorise the Directors to make market purchases of the Company's own Ordinary shares.	68,285,052	99.99	2,025	0.01	0	68,287,077
15.  Special Resolution - To authorise calling of a general meeting other than annual general meetings on 14 clear days' notice.	68,285,052	99.99	2,025	0.01	0	68,287,077

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 .

Contacts:

Sportech PLC Richard McGuire, Non-Executive Chairman Clive Whiley, Senior Independent Director	[e-mail]
Peel Hunt (Nominated Adviser and Broker) George Sellar Andrew Clark Lalit Bose	Tel: [phone]

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. 

 

END

 

 

RAGFLFEFETILVIF