8 Jul 2019 10:30
For immediate release |
SPORTECH PLC
('Sportech' or the 'Company')
Director/PDMR Share Dealing
On 1 February 2019, the Company announced that, in connection with the purchase of LOT.TO Systems Limited ('LOT.TO') by the Company, Richard McGuire, CEO of Sportech, received 100,000 ordinary shares of 20p each in Sportech ('Ordinary Shares') as consideration for his 5% shareholding in LOT.TO.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard McGuire | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/ Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Sportech PLC | ||||
b) | LEI | 2138003BHYUQWAYGSK090 | ||||
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 20p each in the Company ('Ordinary Shares')
ISIN GB00B28ZPV64 | ||||
b) | Nature of the transaction | Ordinary Shares received by Richard McGuire as consideration for his 5% shareholding in LOT.TO Systems Limited - a business which was acquired by Sportech Plc (as announced on 1 February 2019)
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c) | Price(s) and volume(s) |
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d) | Aggregated information
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N/a | ||||
e) | Date of the transaction | 7 February 2019 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
- Ends -
Contacts:
Sportech PLC | Tel: +44 (0) 117 902 9000 |
Giles Vardey, Non-Executive Chairman |
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Peel Hunt | Tel: +44 (0) 20 7418 8900 |
(Corporate Broker to Sportech) Dan Webster / George Sellar / Guy Pengelley |
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Buchanan | Tel: +44 (0) 20 7466 5000 |
(Financial PR adviser to Sportech) Henry Harrison-Topham / Mark Court / Jamie Hooper | sportech@buchanan.uk.com |
Notes to Editors
About Sportech
Sportech PLC, the international betting technology business, provides and operates betting technology solutions for some of the world's best-known gaming companies, sports teams, and horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut under exclusive licences.
The Group focuses on highly regulated markets worldwide. It has more than 27,000 betting terminals deployed to over 400 clients in 37 countries. Its global systems process nearly US$12 billion in betting handle annually. In the US, it operates under 35 licences across 37 states. The Group has invested over US$60 million in the last five years in the successful expansion of its US gaming Venues and in developing its technology services, resulting in its proprietary Quantum™ System being the most widely deployed pari-mutuel betting system globally.