Sportech PLC Director Changes (9367J)
August 27 2021 - 2:00AM
UK Regulatory
TIDMSPO
RNS Number : 9367J
Sportech PLC
27 August 2021
For immediate release 27 August 2021
Sportech PLC
('Sportech', the 'Company' or the 'Group')
Director Changes
Sportech (AIM:SPO), an international betting technology
business, is pleased to announce a number of changes to its Board
post the reduction in the operational scale of the Group. This
follows a complete evaluation of the Group's business lines; the
completion of the previously announced disposals which has led to
the proposed substantial capital return; and also the recent
positive outcome to the Connecticut sports betting potential.
As a result of this Richard McGuire (CEO) and Tom Hearne (CFO)
will step down from their current roles, following the release of
the Company interim results on Thursday, 9 September 2021. The
Company is also pleased to announce two internal promotions. Andrew
Lindley, formerly the Group's COO, will become CEO and Nicola
Rowlands is promoted to CFO from her current position as Group
Financial Controller. Andrew and Nicola will also join the Sportech
Plc Board, today.
Richard and Tom will remain with Sportech through the release of
the Interim Results in September, assisting in an orderly
transition and will remain available to support the business
through to the end of the year.
Giles Vardey, Chairman of Sportech, said: "The Board is
extremely grateful to Richard and Tom for their passionate
leadership, their sourcing and executing of numerous corporate
transactions and their dedication and commitment in implementing
strategic objectives over several years. They leave their roles
with the thanks and gratitude of many people in the Company and our
stakeholders. We wish them both continued success. We are also
looking forward to working with Andrew and Nicola, who are very
familiar with the business and its markets, and welcome them to the
Board."
Richard McGuire, commented: "After several years of
restructuring the business and pursuing a clear goal of realising
shareholder value where possible, that objective has been mostly
achieved. Given the major changes in the Company's business and
structure, I believe that now is the right time to hand over the
leadership reins to Andrew and Nicola. It's been my honour to work
with so many dedicated Company professionals, business partners and
supportive shareholders and I look forward to supporting each,
however required in the future."
Disclosures required by Schedule 2(g) of the AIM Rules for
Companies:
Andrew James Lindley, aged 50, holds or has previously held the
following directorships and partnerships in the last five
years:
Current appointments Appointments held within the last
five years
LOT.TO SYSTEMS LIMITED DCD MEDIA PLC
123 HOLDINGS LIMITED AMALGAMATED RACING LIMITED
PLAYLOT.TO LIMITED
ASIAN RACING MEDIA LIMITED
IC DEVELOPMENT INVESTORS LIMITED
IC DEVELOPMENT LIMITED
LIGHTBULB INVESTMENTS LIMITED
BRONZE BARON LIMITED
WORLDWIDE BESPOKE SYSTEMS LIMITED
INTERNATIONAL TURF CLUB LIMITED
Nicola Jane Rowlands (formerly McCabe), aged 40, does not hold,
and has not held within the last five years, any directorships of
any companies or partnerships requiring declaration.
Andrew and Nicola currently hold 450,000 and 42,860 ordinary
shares in the Company respectively.
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) or Rule 17 of the AIM Rules
for Companies in respect of Andrew Lindley or Nicola Rowlands.
- Ends -
Contacts:
Sportech PLC enquiries@sportechplc.com
Giles Vardey, Chairman
Richard McGuire, Chief Executive
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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