26 Apr 2018 12:01
For immediate release | 26 April 2018 |
Sportech PLC
('Sportech' or the 'Company')
Director Share Purchase
Sportech, the international betting technology business, announces that the Company has been notified that on 26 April 2018, Richard McGuire, the Non-Executive Chairman of Sportech, purchased 250,000 ordinary shares at 57 pence each in the Company.
Following the above purchase, Richard McGuire now holds 520,000 Shares representing 0.28% of the issued share capital of the Company.
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
(Disclosure in relation to purchase of Ordinary Shares)
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Richard McGuire | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-Executive Chairman | ||||
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 | 2138003BHYUQWAYGSK09 | ||||
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
ISIN GB00B28ZPV64 | ||||
b) | Nature of the transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| N/A | ||||
e) | Date of the transaction | 26 April 2018 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
- Ends -
Contacts:
Sportech PLC | Tel: +44 (0) 20 7268 2400 |
Richard McGuire, Non-Executive Chairman Andrew Gaughan, Chief Executive Officer | www.sportechplc.com |
Peel Hunt LLP | Tel: +44 (0) 20 7418 8900 |
(Corporate Broker to Sportech) Dan Webster George Sellar | |
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, listed on the London Stock Exchange, provides and operates technology solutions for some of the world's best-known gaming companies, sports teams, horse and greyhound racetracks, as well as owning and operating its own gaming venues in Connecticut, USA under exclusive licences.
The Group is a leading player in the global pari-mutuel betting technology sector focusing on highly regulated markets worldwide. It has more than 27,000 betting terminals deployed to over 400 clients, across 37 countries including those in the USA, where it operates under 35 licences, across 37 States and processes approximately US$12 billion of bets annually. The Group has invested over US$60 million in developing its technology services to clients and the successful expansion of its leading US gaming Venues in the last five years, resulting in its proprietary Quantum™ product being the most widely deployed pari-mutuel betting system globally.