Sportech PLC Directorate Changes (1147H)
November 13 2018 - 1:01AM
UK Regulatory
TIDMSPO
RNS Number : 1147H
Sportech PLC
13 November 2018
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART,
IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
This announcement contains inside information
For immediate release 13 November 2018
SPORTECH PLC
('Sportech' or the 'Group')
Directorate Changes
Sportech PLC (LSE: SPO), the international betting technology
business, announces that Andrew Gaughan, the Group's CEO, has
informed the Board of his intention to step down as a Director. He
will leave the Group on 28 February 2019, after an orderly handover
period, to pursue other interests.
Richard McGuire, Non-Executive Chairman, will become Interim
Executive Chairman with immediate effect. Richard has been with the
Group since 2016 and is well known amongst Sportech staff and its
stakeholders. Richard will relocate to the Group's US base in
Connecticut, a key state in the newly liberalised US sports betting
market.
The Group will commence a process for the identification and
appointment of a new CEO. It is also progressing the appointment of
an independent Non-Executive Director. Further updates will be made
in due course.
Richard McGuire, said: "The Board thanks Andrew for his
significant contribution to the Group, and for leading Sportech as
CEO over the past year. I will be working closely with Andrew in
the coming months, and as of the end of February we wish him well
for the future."
Andrew Gaughan commented: "I have enjoyed my time at Sportech
over the past eight years, and I leave the Group in a position of
strength with an established core global betting technology
business and well placed to take advantage of the opportunities
that the US sports betting market presents. I wish Sportech every
success in the future."
The Group confirms that trading in the current year remains in
line with the trading update announced on 7 November 2018.
Publication on website
A copy of this announcement is also available on the Group's
website at www.sportechplc.com.
- Ends -
Contacts:
Sportech PLC Tel: +44 (0) 20 7268 2400
Richard McGuire, Executive Chairman
Giles Vardey, Non-Executive Director
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) sportech@buchanan.uk.com
Henry Harrison-Topham / Mark Court
/ Jamie Hooper
Notes to Editors
About Sportech
Sportech PLC, the international betting technology business,
provides and operates betting technology solutions for some of the
world's best-known gaming companies, sports teams, and horse and
greyhound racetracks, as well as owning and operating its own
gaming venues in Connecticut under exclusive licences.
The Group focuses on highly regulated markets worldwide. It has
more than 27,000 betting terminals deployed to over 400 clients in
37 countries. Its global systems process nearly US$12 billion in
betting handle annually. In the US, it operates under 35 licences
across 37 states. The Group has invested over US$60 million in the
last five years in the successful expansion of its US gaming Venues
and in developing its technology services, resulting in its
proprietary Quantum(TM) System being the most widely deployed
pari-mutuel betting system globally.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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