23 October 2024
This announcement contains inside information
Sportech Ltd
(‘Sportech’ or the ‘Company’)
Capital Distribution to shareholders
Following the sale of certain non-operating assets, Sportech declares a cash capital distribution of 35 pence per share amounting to, in aggregate, £3,398,500 (the ‘Capital Distribution’).
The Capital Distribution is to be paid on 2nd December 2024 to those Ordinary shareholders on the register at the close of business 8th November 2024 (the record date). The shares will be marked ex- distribution on 7th November 2024.
As noted within the FY 2023 Annual Report, the Company was approached by an independent third party who has expressed an interest in acquiring the major operating assets of the Group. The process is at an advanced stage, although there is no certainty that a binding offer will be presented, nor on the terms on which any offer might be made.
The Company will release updates on its website and the JP Jenkins trading platform:
www.sportechplc.com www.jpjenkins.com/company/sportech
For further details Contact:
Richard McGuire
Executive Chairman
