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Sportech PLC (ROD.L)

ROD.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sportech says ends talks with Burlywood Capital to sell Football Pools
Tuesday, 1 Nov 2016 04:02am EDT 

Sportech Plc : Announces that discussions with burlywood capital llp regarding proposed £97.25m sale of football pools have now terminated. . "Burlywood was unable to conclude transaction set out within their proposal which we announced in september"- CEO Further company coverage: [ROD.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

Sportech says to sell Football Pools for 97.25 mln stg
Tuesday, 13 Sep 2016 02:00am EDT 

Sportech Plc : Proposed sale of the football pools . Entered into exclusivity with Burlywood Capital regarding proposed sale of football pools for a total cash consideration of 97.25 mln stg on a debt free/cash free basis .Cenkos Securities Plc is acting as nominated adviser and broker to proposed aim quoted company.  Full Article

Sportech H1 revenue up marginally, in talks over potential football pools sale
Wednesday, 24 Aug 2016 02:31am EDT 

Sportech Plc : H1 revenue 17.8 million stg versus 17.2 million stg year ago . Six month total group EBITDA of £11.1m in line with that reported in prior year (£11.0m) . Six month EBITDA from continuing channels 1 increased by 5 pct to £11.1m from £10.6m . Discussions continue regarding a possible sale of football pools .We look forward to delivering further progress in 2016 as we endeavour to return group to growth - CEO.  Full Article

Sportech says U.S. digital president resigns
Monday, 18 Jul 2016 02:00am EDT 

Sportech Plc : Sportech announces that Rich Roberts, president: digital, U.S., has resigned from Plc board with immediate effect . Says follows a reorganisation of management responsibilities in Sportech's North American activities .Says Roberts will work with company until end of August to ensure a successful transition.  Full Article

Sportech says receives 93 mln stg in VAT repayment claim
Wednesday, 29 Jun 2016 04:01am EDT 

Sportech Plc : Update on VAT claim. . Balance of approximately 4 mln stg will be paid to Sportech in event of a successful final determination. . Her Majesty's Revenue & Customs has paid Sportech 93 mln stg in relation to VAT repayment claim on "Spot Ball" game. .Awaiting a decision from Supreme Court as to whether HMRC has been granted right to appeal to Supreme Court against court of appeal's unanimous decision in favour of Sportech..  Full Article

Sportech updates on VAT repayment claim
Monday, 6 Jun 2016 02:08am EDT 

Sportech Plc : HMRC has now applied directly to Supreme Court for permission to appeal court of appeal's unanimous judgment . Will file its notice of objection to such application by next monday .Has been advised that it should expect to hear by Autumn whether HMRC has been granted right to appeal to supreme court.  Full Article

Sportech says government denied permission to appeal against VAT tax verdict
Tuesday, 24 May 2016 07:27am EDT 

Sportech Plc : Court of appeal has refused her majesty's revenue & customs permission to appeal to supreme court against court of appeal's unanimous judgment .HMRC now has option of applying directly to supreme court for permission to appeal against decision of court of appeal and has until 17 June 2016 to make such application.  Full Article

Sportech Group has trading up to date in line expectations
Tuesday, 17 May 2016 02:01am EDT 

Sportech Plc : Group has seen a positive start to 2016, trading in line with management expectations, .Has been advised that it should expect to hear whether hmrc have been granted right to appeal by court of appeal within two weeks..  Full Article

Sportech says government seeks permission to appeal against VAT tax verdict
Friday, 13 May 2016 10:55am EDT 

Sportech Plc : HMRC informed Sportech that it has asked court of appeal for permission to appeal to Supreme Court against tax decision .Has been advised that it should expect to hear whether HMRC have been granted right to appeal by court of appeal within next two weeks.  Full Article

Sportech PLC appoints Mickey Kalifa as chief financial officer
Friday, 18 Dec 2015 02:00am EST 

Sportech PLC:Says appointment of Mickey Kalifa as chief financial officer.Says Mickey will commence the handover process from Cliff Baty on Jan. 4, 2016, and will officially take over as CFO upon announcement of the company's results for year ended Dec. 31, 2015 on March 3, 2016.Says Cliff Baty will leave the board and the company on this date.  Full Article

BRIEF-Sportech says trading remains in line with management expectations

* Continues to make good progress and trading remains in line with management expectations