Tag Archives: sportech

Sportech has completed its final day of trading as a listed enterprise of the London Alternative Investment Market (AIM) as of 16 October.  The decision to de-list from the London AIM was formally announced on 11 September by the board of Sportech, following a review of the firm’s long-term interests and options. Following its de-listing, Sportech will re-register its business …

The board of Sportech Plc has informed investors of its intentions to cancel the trading of ordinary shares on the London AIM Exchange. The recommendation follows a comprehensive review by the board considering “the pros and cons of the company being publicly traded on the London AIM”.   The review highlighted substantial costs (both monetary and other) tied to being a …

Sportech Plc has informed investors that Nicola Rowlands has chosen to resign as Chief Financial Officer (CFO) of the London AIM-listed wagering technology and racing systems supplier. Rowlands will resign from CFO duties on 30 September, having agreed to join digital marketing services group DEPT as Deputy CFO Sportech promoted Rowlands to CFO in August last year, replacing former incumbent …

Sportech Plc has issued a business update, informing investors that Andrew Lindley has chosen to step down as Chief Executive of the London AIM wagering and racing systems provider.  Investors were informed that Lindley would not stand for re-election as company leader ahead of today’s AGM. Lindley’s departure comes less than a year in charge of Sportech, in which he …

Sportech Plc has announced that Giles Vardey has decided to end his tenure as Non-Executive Chairman of the London AIM-listed wagering and racing systems supplier.  Last week, Vardey notified Sportech’s board of directors that he would not seek re-election as chairman of the company, a position that he had served since July 2019. Former Sportech Chief Executive Richard McGuire (2019-to-2021) …

Sportech Plc has backed its ongoing transformation strategy and focus on cost management, as the London AIM-listed racing and wagering systems provider declared statutory profits of £34.6m today. The much-improved bottom-line results see the firm reverse full-year losses of £12m recorded during 2020 trading.  2021 developments saw Sportech complete the disposals of its Global Tote business to BetMakers –  Bump …

Sportech has announced the sale of its lottery supply contract with Loteria Electronica International Dominicana S.A. (Leidsa) to Inspired Entertainment for a total consideration of $14.5 million. The transaction will see Inspired take on responsibility for the provision of all lottery support services to Leidsa from LSE-registered betting and gaming tech firm Sportech, in what the latter firm lauds as …

Sportech Plc has outlined its transformed organisation that is refocused on delivering a stronger balance sheet performance and profits for investors.  Publishing its first interim results as a London AIM listed enterprise, Sportech registered group revenues to £13.5 million up 70% on corresponding 2020 results of £7.9 million.  Period growth was attributed to Sportech’s 11 US Venue subsidiaries that registered …

Sportech Plc has this morning confirmed that its leadership team of Richard McGuire (CEO) and Tom Hearne (CFO) will step down following the release of the company’s interim results on 9 September. The duo will be replaced by Sportech COO Andrew Lindley, who will serve as new CEO, supported by the promotion of Group Financial Controller Nicola Rowlands to CFO. …