Indicative proposals for The Football Pools

RNS Number : 9618J

Sportech PLC

23 December 2015

 



For immediate release

23 December 2015                                                                                           

Sportech PLC ("Sportech" or the "Group")

Indicative proposals for The Football Pools

The Board of Sportech confirms that it has received a number of indicative proposals in respect of The Football Pools. Consistent with the Board's focus on maximising value for all shareholders, the Board has decided to invite each interested party to submit their best and final proposals by mid-January 2016. The Board will then consider any such proposals and determine whether it is in the best interests of shareholders to proceed with a sale of the business.

A further announcement will be made in due course.

Enquiries:

Sportech PLC                                                                                              020 7268 2400

Ian Penrose, Chief Executive

Cliff Baty, Chief Financial Officer

Brunswick Group LLP                                                                                020 7404 5959

Mike Smith

Stuart Donnelly

[e-mail]

Investec Bank PLC                                                                                      020 7597 4000

Chris Treneman (Corporate Finance)

James Rudd (Corporate Finance)

Patrick Robb (Corporate Broking)

Henry Reast (Corporate Broking)

 

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