Gambling Commission Licence Granted

RNS Number : 4727G

Sportech PLC

30 May 2017

 

30 May 2017

Sportech PLC ("Sportech" or the "Company")

£83m Sale of The Football Pools - Gambling Commission Licence Granted

All conditions relating to the sale of the Football Pools have been satisfied

Sportech is pleased to announce that it has been informed by OpCapita (via its acquisition vehicle FP Acquisition Limited) that it has been granted a licence by the Gambling Commission.

As a result, all conditions relating to the sale of The Football Pools business have now been satisfied and completion of the transaction will occur before the end of June 2017. 

Ian Penrose, Chief Executive, of Sportech said:

"This is a significant step towards completion of this transaction. I would like to thank the dedicated management, staff and customers who have enhanced the history and success of the Football Pools. I wish them all continued success."

Henry Jackson, Founder and Chief Executive, of OpCapita added:

"We are pleased to have secured licencing so that we are able to move forward with our plans for the Football Pools. We look forward to taking ownership of the business later next month."

- ends -

For further information, please contact:

Sportech PLC                                                                                         020 7268 2400

Ian Penrose, Chief Executive

Mickey Kalifa, Chief Financial Officer

Brunswick Group LLP                                                                           020 7404 5959

Mike Smith

Stuart Donnelly

[e-mail]

Investec Bank PLC                                                                                020 7597 5970

Patrick Robb

Peel Hunt LLP                                                                                        020 7418 8900

Dan Webster

 

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