SPO.L Regulatory News (SPO)

19 Dec 2005 17:23

Sportech PLC19 December 2005 19 December 2005 Sportech PLC ("Sportech" or "the Company") Grant of Options Piers Pottinger and M. John Barnes, recently appointed Non-Executive Directorsof Sportech PLC, have each been granted options to acquire 1,000,000 ordinaryshares of 5 pence each in the capital of the Company. Neither Director held any options over the Company's shares previously. These options have been granted inlieu of their Non-Executive Directorship fees which would otherwise have beenpayable over the next three years. The options were granted on 16 December 2005 and are exercisable between 15 December 2008 and 14 December 2015. 500,000 of these options may be exercised at a price of 12 pence each when theCompany's share price reach a closing price of 17.5 pence, 250,000 options maybe exercised when the Company's share price closes at 22.5 pence and the remaining 250,000 options are exercisable when the Company's share price closesat 27.5 pence. Ian Penrose, Chief Executive of Sportech PLC said,"As we embark on the strategic initiatives to revive the group, I am delightedthat John and Piers have agreed to align their interests with those of ourshareholders by waiving their fees for 3 years in lieu of a grant of options,conditional on share price growth. This is a further step forward in thecultural change that I wish to instill into Sportech" - ends - Further information: Enquiries Sportech PLCIan Penrose, Chief ExecutiveGary Speakman, Finance Director 0151 288 3244 David Rydell/Zoe SandersBell Pottinger Corporate & Financial 0207 861 3232 About Sportech PLC Sportech PLC provides a variety of betting and gaming opportunities to over 1.7mcustomers through its betting and gaming brand, Littlewoods Gaming. Drawing on over 80 years of experience, Littlewoods Gaming has developed awide-ranging product portfolio, which includes football pools and footballgames, sports betting and on-line casino, poker and entertainment games. Thecompany has an exclusive agreement with ITV to provide interactive digitalcontent for ITVi. Sportech is continually developing access to its gaming products through anetwork of channels including interactive television, the internet, mobilephones, telephone, post and a UK network of collectors who visit customers intheir homes. Sportech PLC is listed on the London Stock Exchange. For more information,visit www.sportech-plc.co.uk This information is provided by RNS The company news service from the London Stock Exchange