Result of General Meeting

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 (*indicates special resolution)	Votes For		Votes Against		Votes Withheld	Total Votes Cast (excluding Withheld)
	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.

A copy of this announcement is also available on the Company's website at www.sportechplc.com.

For further information, please contact:

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

 

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