28 Jul 2022 07:00
28 July 2022
SPORTECH PLC
('Sportech', the 'Company' or the 'Group')
Board Change
Sportech plc announces that Nicola Rowlands, Chief Financial Officer (CFO), has advised the Board that, she is stepping down from her position, effective from 30 September 2022, to take up the position of Deputy CFO at DEPT®, a digital marketing services group.
The Board is considering its appropriate composition going forward and is looking to appoint a replacement in due course. Nicola will remain with the Company through the release of the interim results in September ensuring an orderly transition.
Richard McGuire, Executive Chairman, commented: "We are grateful to Nicola for her dedication, professionalism and support to the Group, specifically during the recent years when she played a pivotal role in the transactions and restructuring the business, resulting in the elimination of debt and returning significant capital to shareholders. She will leave here with our best wishes for her future career."
Nicola Rowlands, Chief Financial Officer, commented: "I have been with Sportech for nearly twelve years and have thoroughly enjoyed my time at the company and am proud of what has been achieved by its management and employees. However, I believe it is time to move to the next stage of my career with DEPT®. I am confident that Sportech will continue to deliver value for shareholders and customers alike and I wish the Board and the team all the very best for the future."
Contacts:
Sportech PLC
Richard McGuire, Executive Chairman Clive Whiley, Senior Independent Non-Executive Nicola Rowlands, Chief Financial Officer
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Peel Hunt (Nominated Adviser & Broker)
George Sellar Andrew Clark Lalit Bose
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Tel: +44 (0) 20 7418 8900
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The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU No. 596/2014) (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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.