24 May 2018 10:45
For immediate release | 24 May 2018 |
SPORTECH PLC
('Sportech' or the 'Company')
Result of Annual General Meeting
Sportech, the international betting technology business, announces that at the Company's Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed on a show of hands in the form they appear in the Notice of Annual General Meeting.
The final proxy voting position is shown below:
Resolution | Votes In Favour | % | Votes Discretion (voting in favour) | % | Votes Against | % | Votes Withheld | |
1
| Ordinary Resolution - to receive and adopt the Directors' report, Auditors' report and the accounts for the year ended 31 December 2017 | 106,376,149 | 99.94 | 25,937 | 0.02 | 45,584 | 0.04 | 9,957,200 |
2
| Ordinary Resolution - to approve the Directors' Remuneration report for the year ended 31 December 2017 | 87,404,664 | 75.08 | 30,579 | 0.03 | 28,967,979 | 24.89 | 1,649 |
3
| Ordinary Resolution - that Richard McGuire, a retiring Director, be re-elected as a Director of the Company | 103,228,430 | 88.68 | 31,658 | 0.03 | 13,142,300 | 11.29 | 2,482 |
4
| Ordinary Resolution - that Andrew Gaughan, a retiring Director, be re-elected as a Director of the Company | 116,364,453 | 99.96 | 31,775 | 0.03 | 6,901 | 0.01 | 1,742 |
5
| Ordinary Resolution - that Richard Cooper, a retiring Director be re-elected a Director of the Company | 114,122,140 | 98.04 | 32,086 | 0.03 | 2,248,995 | 1.93 | 1,649 |
6
| Ordinary Resolution - that Giles Vardey, appointed by the Directors in the previous twelve months, be elected a Director of the Company | 116,363,480 | 99.96 | 32,086 | 0.03 | 8,176 | 0.01 | 1,129 |
7
| Ordinary Resolution - to re-appoint Pricewaterhouse Coopers LLP as Auditors of the Company | 106,350,550 | 99.91 | 31,658 | 0.03 | 65,462 | 0.06 | 9,957,200 |
8
| Ordinary Resolution - to authorise the Directors to settle the remuneration of the Auditors of the Company | 113,520,162 | 97.53 | 40,174 | 0.03 | 2,843,934 | 2.44 | 600 |
9
| Ordinary Resolution - to authorise the Company to make political donations | 116,342,856 | 99.95 | 37,719 | 0.03 | 22,615 | 0.02 | 1,681 |
10
| Ordinary Resolution - to authorise the Directors to allot shares | 116,349,474 | 99.96 | 37,895 | 0.03 | 15,643 | 0.01 | 1,859 |
11
| Special Resolution - to disapply pre-emption rights (general authority) | 116,353,019 | 99.96 | 37,469 | 0.03 | 10,782 | 0.01 | 3,601 |
12
| Special Resolution - to disapply pre-emption rights (specific capital investment) | 116,312,006 | 99.93 | 37,469 | 0.03 | 50,961 | 0.04 | 4,434 |
13
| Special Resolution - to authorise the Directors to make market purchases of the Company's Ordinary Shares | 116,313,746 | 99.93 | 38,082 | 0.03 | 52,016 | 0.04 | 1,026 |
14
| Special Resolution - to approve general meetings other than annual general meetings being called on not less than 14 clear days' notice | 116,249,734 | 99.86 | 43,028 | 0.04 | 110,751 | 0.1 | 1,358 |
Notes:
A Vote Withheld is not a vote in law and such votes have been discarded in the calculation of the percentage of the votes cast in favour or against a particular resolution.
As at the time of the meeting, the Company had 186,751,257 ordinary shares of 20 pence each in issue, each of which carried one vote. The Company held no shares in treasury. Accordingly, the total voting rights in the Company as at the time of the meeting was 186,751,257 votes and such number has been used to calculate the percentage of votes in favour or against each resolution.
Statement regarding voting results
"Our 2017 Directors' remuneration report was approved by a vote on a show of hands at the meeting. However, the Board notes that a significant number of shareholders cast a proxy vote against the resolution to approve the remuneration report.
The Board will continue to ensure that the Company maintains its focus on the best interests of the business as a whole for the benefit of its shareholders. In particular, the Company will continue to engage with its shareholders and seek to resolve the concerns they have."
Notice of resolutions passed
A copy of the resolutions passed as Special Business at the Annual General Meeting is being submitted to the UK Listing Authority and will shortly be available for inspection at the National Storage Mechanism document viewing facility at: http://www.morningstar.co.uk/uk/nsm. Appropriate filings will also be made at Companies House in due course.
Publication on website
A copy of this announcement is also available on the Company's website at www.sportechplc.com.
The proxy figures for the resolutions will also be displayed on the Company's website at www.sportechplc.com.
- Ends -
Contacts:
Sportech PLC | Tel: +44 (0) 20 7268 2400 |
Andrew Gaughan, Chief Executive Officer Tom Hearne, Chief Financial Officer | |
Peel Hunt | 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, 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 an international betting technology business focused 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.