Sportech PLC - London-based online gambling company - Conditionally agrees sale of its Sports Haven property in New Haven, Connecticut, US to Criterion Group LLC for USD6.8 million. Sale price represents a premium to the property's gross asset value of USD1.7 million as at June 30, 2020. Says proceeds from the sale will create further investment capital for its Connecticut business and further strengthen its financial position.
At completion - scheduled for the end of March - Sportech will enter a six-month lease for use of the property for rent of USD300,000.
Current stock price: 25.80 pence
Year-to-date change: down 20%
By Ife Taiwo; ifetaiwo@alliancenews.com
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