Result of Annual General Meeting

RNS Number : 1782P

Sportech PLC

24 May 2018

 

For immediate release

24 May 2018

SPORTECH PLC

('Sportech' or the 'Company')

Result of Annual General Meeting

Sportech, the international betting technology business, announces that at the Company's Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed on a show of hands in the form they appear in the Notice of Annual General Meeting.

The final proxy voting position is shown below:

	Resolution	Votes In Favour	%	Votes Discretion (voting in favour)	%	Votes Against	%	Votes Withheld
1	Ordinary Resolution - to receive and adopt the Directors' report, Auditors' report and the accounts for the year ended 31 December 2017	106,376,149	99.94	25,937	0.02	45,584	0.04	9,957,200
2	Ordinary Resolution - to approve the Directors' Remuneration report for the year ended 31 December 2017	87,404,664	75.08	30,579	0.03	28,967,979	24.89	1,649
3	Ordinary Resolution - that Richard McGuire, a retiring Director, be re-elected as a Director of the Company	103,228,430	88.68	31,658	0.03	13,142,300	11.29	2,482
4	Ordinary Resolution - that Andrew Gaughan, a retiring Director, be re-elected as a Director of the Company	116,364,453	99.96	31,775	0.03	6,901	0.01	1,742
5	Ordinary Resolution - that Richard Cooper, a retiring Director be re-elected a Director of the Company	114,122,140	98.04	32,086	0.03	2,248,995	1.93	1,649
6	Ordinary Resolution - that Giles Vardey, appointed by the Directors in the previous twelve months, be elected a Director of the Company	116,363,480	99.96	32,086	0.03	8,176	0.01	1,129
7	Ordinary Resolution - to re-appoint Pricewaterhouse Coopers LLP as Auditors of the Company	106,350,550	99.91	31,658	0.03	65,462	0.06	9,957,200
8	Ordinary Resolution - to authorise the Directors to settle the remuneration of the Auditors of the Company	113,520,162	97.53	40,174	0.03	2,843,934	2.44	600
9	Ordinary Resolution - to authorise the Company to make political donations	116,342,856	99.95	37,719	0.03	22,615	0.02	1,681
10	Ordinary Resolution - to authorise the Directors to allot shares	116,349,474	99.96	37,895	0.03	15,643	0.01	1,859
11	Special Resolution - to disapply pre-emption rights (general authority)	116,353,019	99.96	37,469	0.03	10,782	0.01	3,601
12	Special Resolution - to disapply pre-emption rights (specific capital investment)	116,312,006	99.93	37,469	0.03	50,961	0.04	4,434
13	Special Resolution - to authorise the Directors to make market purchases of the Company's Ordinary Shares	116,313,746	99.93	38,082	0.03	52,016	0.04	1,026
14	Special Resolution - to approve general meetings other than annual general meetings being called on not less than 14 clear days' notice	116,249,734	99.86	43,028	0.04	110,751	0.1	1,358

Notes:

A Vote Withheld is not a vote in law and such votes have been discarded in the calculation of the percentage of the votes cast in favour or against a particular resolution.

As at the time of the meeting, the Company had 186,751,257 ordinary shares of 20 pence each in issue, each of which carried one vote.  The Company held no shares in treasury.  Accordingly, the total voting rights in the Company as at the time of the meeting was 186,751,257 votes and such number has been used to calculate the percentage of votes in favour or against each resolution.

Statement regarding voting results

"Our 2017 Directors' remuneration report was approved by a vote on a show of hands at the meeting.  However, the Board notes that a significant number of shareholders cast a proxy vote against the resolution to approve the remuneration report.

The Board will continue to ensure that the Company maintains its focus on the best interests of the business as a whole for the benefit of its shareholders.  In particular, the Company will continue to engage with its shareholders and seek to resolve the concerns they have."

Notice of resolutions passed

A copy of the resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility at: http://www.morningstar.co.uk/uk/nsm.  Appropriate filings will also be made at Companies House in due course.

Publication on website

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

The proxy figures for the resolutions will also be displayed on the Company's website at  www.sportechplc.com.

- Ends -

Contacts:

Sportech PLC	Tel: [phone]
Andrew Gaughan, Chief Executive Officer Tom Hearne, Chief Financial Officer
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]

Notes to Editors

About Sportech

Sportech PLC, listed on the London Stock Exchange, provides and operates technology solutions for some of the world's best-known gaming companies, sports teams, horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut, USA under exclusive licences.

The Group is an international betting technology business focused on highly regulated markets worldwide.  It has more than 27,000 betting terminals deployed to over 400 clients, across 37 countries including those in the USA, where it operates under 35 licences, across 37 States and processes approximately US$12 billion of bets annually.  The Group has invested over US$60 million in developing its technology services to clients and the successful expansion of its leading US gaming Venues in the last five years, resulting in its proprietary Quantum™ product being the most widely deployed pari-mutuel betting system globally.

 

END

 

 

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