TIDMSPO
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Resolutions 4 and 5 were withdrawn prior to the meeting.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 % No. of %
votes 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 Ordinary Resolution Withdrawn
- to elect Andrew
Lindley as a Director
5. Ordinary Resolution Withdrawn
- to elect Ben
Warn as a Director
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 enquiries@sportechplc.com
Richard McGuire, Non-Executive
Chairman
Clive Whiley, Senior Independent
Director
Peel Hunt (Nominated Adviser Tel: +44 (0) 20 7418 8900
and Broker)
George Sellar
Andrew Clark
Lalit Bose
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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END
RAGFLFEFETILVIF
(END) Dow Jones Newswires
May 31, 2022 09:00 ET (13:00 GMT)
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