RNS Number : 4349N
Sportech PLC
31 May 2022
 

For immediate release

31 May 2022

 

SPORTECH PLC

('Sportech' or the 'Company')

 

Result of Annual General Meeting

 

The Annual General Meeting of Sportech PLC was held today, Tuesday, 31 May 2022 and the results of the proxy voting position received in advance of the meeting are reported below.

 

Resolutions 4 and 5 were withdrawn prior to the meeting.

 

Resolution

For

Against

Withheld

Total votes cast



No. of votes

%

No. of votes

%

 

 

1.    Ordinary Resolution - to receive and adopt the Annual Report and Accounts

 

26,928,077

39.43

41,357,000

60.57

2,000

68,285,077

2.    Ordinary Resolution - to receive and approve the Directors' Remuneration Report

 

21,181,343

31.02

47,105,734

68.98

0

68,287,077

3.    Ordinary Resolution - to elect Nicola Rowlands as a Director

 

68,035,052

99.99

2,025

0.01

250,000

68,037,077

4.    Ordinary Resolution - to elect Andrew Lindley as a Director

 

Withdrawn


5.    Ordinary Resolution - to elect Ben Warn as a Director

 

Withdrawn


6.    Ordinary Resolution - to elect Richard McGuire as a Director

 

67,893,951

99.42

393,126

0.58

0

68,287,077

7.    Ordinary Resolution - to elect Clive Whiley as a Director

 

68,285,052

99.99

2,025

0.01

0

68,287,077

8.    Ordinary Resolution - to re-appoint BDO LLP as auditors

 

46,685,875

68.37

21,601,202

31.63

0

68,287,077

9.    Ordinary Resolution - to authorise the Directors to determine the auditor's fees

 

68,283,731

99.99

2,025

0.01

1,321

68,285,756

10.    Ordinary Resolution - to authorise the Company to make political donations

 

68,278,152

99.99

8,925

0.01

0

68,287,077

11.  Ordinary Resolution - To authorise the Directors to allot shares

 

68,285,052

99.99

2,025

0.01

0

68,287,077

12.  Special Resolution - To authorise the Directors to disapply pre-emption rights (general authority)

 

67,650,497

99.99

2,025

0.01

634,555

67,652,522

13.  Special Resolution - To disapply pre-emption rights (specific capital investment)

 

68,283,065

99.99

4,012

0.01

0

68,287,077

14.  Special Resolution - To authorise the Directors to make market purchases of the Company's own Ordinary shares.

 

68,285,052

99.99

2,025

0.01

0

68,287,077

15.  Special Resolution - To authorise calling of a general meeting other than annual general meetings on 14 clear days' notice.

 

68,285,052

99.99

2,025

0.01

0

68,287,077

Statement regarding voting results

 

The Board notes that Resolution 1 Adopting the Annual Report and Accounts and Resolution 2, receiving and approving the remuneration report did not receive the required 50% majority of votes in favour. In addition, Resolution 8, the reappointment of Auditors, only passed with a 69% majority. The Board has taken note of the voting and will engage further with major shareholders on these matters.

 

 

Notes:

 

*As announced on the 25 May 2022, Ben Warn decided to step down from his role as Non-Executive Director and did no stand for re-election. In addition, as announced this morning, Andrew Lindley stepped down from his role as Chief Executive Officer and did not stand for election.

 

A vote withheld is not a vote in law and is not counted in the calculation of the percentage of the votes validly cast for or against a resolution.

  

Publication on website

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

 

 

Contacts:

 

Sportech PLC

 

Richard McGuire, Non-Executive Chairman

Clive Whiley, Senior Independent Director

 

 

enquiries@sportechplc.com

 

 

Peel Hunt (Nominated Adviser and Broker)

 

George Sellar

Andrew Clark

Lalit Bose

 

 

Tel: +44 (0) 20 7418 8900

 

Notes to Editors:

 

About Sportech

Sportech is a technology supplier and operator in the gambling market with two core businesses: A digital omni channel platform for gaming verticals including its own in-house lottery module as its B2B offering. In B2C, the Company operates Sports Bars and other venues in the State of Connecticut USA where it deploys its exclusive licence to offer pari-mutuel wagering in the State and a distribution agreement with the Connecticut Lottery Corporation to offer sports betting in the State. It also has the exclusive licence to operate pari-mutuel betting online in Connecticut, which it does under the MyWinners.com brand, and a general licence for pari-mutuel betting online across the wider USA under the 123Bet.com brand. 

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