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Sportech PLC (ROD.L)

ROD.L on London Stock Exchange

80.20GBp
15 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Sportech says disappointed by Supreme court's judgement
Wednesday, 1 Nov 2017 06:27am EDT 

Nov 1 (Reuters) - Sportech Plc :‍NOTES THAT SUPREME COURT HAS TODAY RULED IN FAVOUR OF HM REVENUE & CUSTOMS AND AGAINST LITTLEWOODS LIMITED.RULING IN R‍ESPECT OF CLAIM FOR COMPOUND INTEREST ON REPAYMENT OF OVERPAID VAT​​.‍"BOARD OF SPORTECH IS DISAPPOINTED BY TODAY'S JUDGMENT​".‍WILL REVIEW DETAIL OF JUDGMENT TO CONSIDER ITS IMPACT ON SPORTECH'S HIGH COURT CLAIM AND TRIBUNAL APPEALS.  Full Article

Sportech announces commencement of formal sale process
Thursday, 19 Oct 2017 06:55am EDT 

Oct 19 (Reuters) - SPORTECH PLC ::DECIDED TO SEEK OFFERS FOR COMPANY, AND HAS APPOINTED CANACCORD GENUITY LIMITED AS ITS FINANCIAL ADVISER FOR THIS PROCESS​.‍EXPECTS TO PROVIDE A FURTHER UPDATE ON STRATEGIC REVIEW ALONG WITH ITS TRADING UPDATE ON 9 NOVEMBER 2017​.  Full Article

Sportech says all sale conditions on The Football Pools satisfied
Tuesday, 30 May 2017 02:25am EDT 

May 30 (Reuters) - Sportech Plc ::£83m sale of football pools - Gambling Commission licence granted.All conditions relating to sale of football pools have been satisfied.Completion of transaction will occur before end of June 2017.  Full Article

Sportech sees positive start to 2017
Wednesday, 24 May 2017 02:00am EDT 

May 24 (Reuters) - Sportech Plc :Expect that football pools will be accounted for as a discontinued activity.Group has seen a positive start to 2017, and is trading in line with management expectations.  Full Article

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

BRIEF-Sportech appoints Giles Vardey as independent non-executive director​

* ANNOUNCE APPOINTMENT OF GILES VARDEY AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 4 DECEMBER 2017 Further company coverage: (Bangalore.newsroom@thomsonreuters.com)