SHARES STRONGLY UP/DOWN this week 19/12/05 (Master RSI)

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terry91 - Tue, 20 Dec 05 :

SPO

This was put out last night hence the rise.


Nice statement in the RNS from last night re share options;

19 December 2005


Sportech PLC ("Sportech" or "the Company")

Grant of Options

Piers Pottinger and M. John Barnes, recently appointed Non-Executive Directors
of Sportech PLC, have each been granted options to acquire 1,000,000 ordinary
shares of 5 pence each in the capital of the Company. Neither Director held any
options over the Company's shares previously. These options have been granted in
lieu of their Non-Executive Directorship fees which would otherwise have been
payable over the next three years.

The options were granted on 16 December 2005 and are exercisable between
15 December 2008 and 14 December 2015.

500,000 of these options may be exercised at a price of 12 pence each when the
Company's share price reach a closing price of 17.5 pence, 250,000 options may
be exercised when the Company's share price closes at 22.5 pence and the
remaining 250,000 options are exercisable when the Company's share price closes
at 27.5 pence.

Ian Penrose, Chief Executive of Sportech PLC said,
"As we embark on the strategic initiatives to revive the group, I am delighted
that John and Piers have agreed to align their interests with those of our
shareholders by waiving their fees for 3 years in lieu of a grant of options,
conditional on share price growth. This is a further step forward in the
cultural change that I wish to instill into Sportech"


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