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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 chairman Roger Withers to step down
Friday, 21 Apr 2017 02:00am EDT 

April 21 (Reuters) - Sportech Plc ::Roger Withers to retire and step down as chairman and from board.Richard Mcguire to be appointed as chairman.  Full Article

Sportech looks to return about 20 mln stg to investors
Thursday, 2 Mar 2017 02:26am EST 

Sportech Plc : Intention to return capital to shareholders .Resolved to return approximately £20 million to shareholders by way of a tender offer to be implemented during current tax year.  Full Article

Sportech to sell football pools business for 83 mln stg in cash
Thursday, 2 Mar 2017 02:25am EST 

Sportech Plc : Proposed disposal of the football pools business . Proposed disposal of football pools business for cash consideration of 83.0 million stg . Net cash proceeds of disposal may enable Sportech group to provide a further return of capital to shareholders .Sale to FP Acquisitions Limited, a newly incorporated private limited company controlled by funds advised by Opcapita.  Full Article

Sportech full-year pretax profit rises
Thursday, 2 Mar 2017 02:00am EST 

Sportech Plc : FY pretax profit 30.7 million stg versus 9.7 million stg year ago .FY revenue rose 4 percent to 36 million stg.  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

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BRIEF-Sportech chairman Roger Withers to step down

* Roger Withers to retire and step down as chairman and from board