Continuation of Formal Sale Process

RNS Number : 2648D

Sportech PLC

30 January 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

Sportech plc

("Sportech" or the "Company")

Continuation of Formal Sale Process under the Takeover Code

("Formal Sale Process")

30 January 2018

On 19 October 2017, Sportech initiated a Formal Sale Process, following preliminary approaches to acquire the Company.

Following an initial round of discussions, the Company continues its engagement with selected interested parties regarding the sale of the group. These discussions are continuing with a timetable for seeking valid offers extended through the first quarter of 2018. 

Current discussions may be altered or terminated at any time and, accordingly, there can be no certainty that an offer will be made, nor as to what the terms of any offer may be. 

The Board will continue to update shareholders further as appropriate.

Inside information and responsibility

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement this inside information is now considered to be in the public domain.  The person responsible for this announcement on behalf of Sportech is Richard McGuire, Chairman of the Board of Directors of Sportech.

Publication on website 

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

Contacts:

Sportech plc	Tel: [phone]
Richard McGuire, Executive Chairman Richard Cooper, Non-Executive Director
Canaccord Genuity Limited (Financial adviser to Sportech)
Chris Robinson	Tel: [phone]
Miles Cox
Mike Kogan	Tel: [phone]
Peel Hunt	Tel: [phone]
(Corporate Broker to Sportech) Dan Webster George Sellar
Buchanan	Tel: [phone]
(Financial PR adviser to Sportech) Henry Harrison-Topham   Mark Court Jamie Hooper	[e-mail]

 

END

 

 

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