23 Dec 2015 07:00
For immediate release
23 December 2015
Sportech PLC ("Sportech" or the "Group")
Indicative proposals for The Football Pools
The Board of Sportech confirms that it has received a number of indicative proposals in respect of The Football Pools. Consistent with the Board's focus on maximising value for all shareholders, the Board has decided to invite each interested party to submit their best and final proposals by mid-January 2016. The Board will then consider any such proposals and determine whether it is in the best interests of shareholders to proceed with a sale of the business.
A further announcement will be made in due course.
Enquiries:
Sportech PLC 020 7268 2400
Ian Penrose, Chief Executive
Cliff Baty, Chief Financial Officer
Brunswick Group LLP 020 7404 5959
Mike Smith
Stuart Donnelly
sportech@brunswickgroup.com
Investec Bank PLC 020 7597 4000
Chris Treneman (Corporate Finance)
James Rudd (Corporate Finance)
Patrick Robb (Corporate Broking)
Henry Reast (Corporate Broking)