TIDMSPO

RNS Number : 2678N

Sportech PLC

28 September 2021

For immediate release

28 September 2021

Sportech PLC

("Sportech" or the "Company")

Capital Reduction and Tender Offer

Expected Timetable

Sportech (AIM: SPO), an international betting technology business, is pleased to announce that the final hearing in the Court process to reduce its share capital (the "Capital Reduction") to create a distributable reserve necessary to implement its tender offer (the "Tender Offer") took place earlier today and the Court pronounced an order approving the Capital Reduction.

Further details of the Capital Reduction and the Tender Offer are set out in the circular sent to the Company's shareholders on 6 August 2021 (the "Circular"). A copy of the Circular is available on the Company's website at www.sportechplc.com .

An updated expected timetable in connection with the Capital Reduction and Tender Offer is set out below.

 
                                                              2021 
 Expected date of registration                        29 September 
  of the Court Order and the Capital 
  Reduction becoming effective 
 Latest time and date for receipt          1.00 p.m. on 13 October 
  of Tender Forms and submission 
  of TTE Instructions from Shareholders 
 Record date and time for the              6.00 p.m. on 13 October 
  Tender Offer 
 Results of Tender Offer elections                      14 October 
  announced 
 CREST Settlement Date: payments                        21 October 
  through CREST and CREST accounts 
  settled 
 Balancing share certificates                           21 October 
  and cheques despatched to certificated 
  Shareholders

Note

The times and dates set out in this timetable are based on the Company's current expectations and are subject to change. The times and dates are indicative only. Any changes to the timetable will be notified to Shareholders by an announcement made by the Company through a Regulatory Information Service. References to times in this document are to London time.

- Ends -

 
 
   Contacts 
 Sportech PLC                          enquiries@sportechplc.com 
  Giles Vardey, Chairman 
  Andrew Lindley, Chief Executive 
  Officer 
  Nicola Rowlands, Chief Financial 
  Officer 
 Peel Hunt (Nominated Adviser          Tel: +44 (0) 20 7418 8900 
  & Broker) 
  George Sellar 
  Andrew Clark 
  Will Bell 
 Buchanan (Financial Communications)   Tel: +44 (0) 20 7466 5000 
  Henry Harrison-Topham                 sportech@buchanan.uk.com 
  Jamie Hooper 
  George Beale

Notes to Editors

About Sportech

Sportech PLC, an international betting technology business, delivers solutions and services for gaming companies and lottery clients in highly regulated markets. Sportech also owns and operates gaming venues and digital betting platforms in Connecticut under exclusive licences.

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END

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(END) Dow Jones Newswires

September 28, 2021 10:42 ET (14:42 GMT)

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