SPO.L Regulatory News (SPO)

 24 July 2023

SPORTECH PLC

('Sportech' or the 'Company')

Total voting rights and distribution

Following completion of the Share Capital Restructure and on-market buy back announced on 26 June 2023 and in conformity with Rule 5.6.1 of the FCA's Disclosure and Transparency Rules, the Company notifies the market that 290,000 ordinary shares of 10p each in the capital of the Company (the "Repurchased Shares") have been repurchased by the Company in connection with the Share Capital Restructure. The Company's issued share capital will comprise 9,710,000 ordinary shares of 10p each (the "Shares") following the cancellation of the Repurchased Shares, which will take place on 25 July 2023. All of the Shares will have equal voting rights and there will be no Shares held in treasury. 

This figure of 9,710,000 Shares represents the total voting rights in the Company and, from 25 July 2023, may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

The Company also confirms the capital distribution, announced on 26 June 2023, of 35 pence per Share to registered shareholders by reference to their holding of Shares as at 6.00 p.m. on 28 July 2023. The ex-dividend date in respect of the distribution is 6.00 p.m. on 27 July 2023, with a payment date of 11 August 2023.

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About Sportech

Sportech operates in the gaming market and has two main businesses. Firstly, it runs Sports Bars and other betting venues in Connecticut, USA, where it has an exclusive license to offer pari-mutuel wagering, it also has a distribution agreement with the Connecticut Lottery Corporation to provide retail sports betting. Secondly, Sportech provides online gaming through two separate lines of business. Mywinners.com operates under an exclusive license to offer pari-mutuel betting online in Connecticut, while 123bet.com offers pari-mutuel betting online across the wider USA.