Share option announcement

Sportech PLC 08 June 2006 Sportech PLC ('Sportech' or the 'Company') Surrender of Share Options and Grant of Replacement Share Options Sportech announces that it has accepted the surrender of options to acquire 4,500,000 ordinary shares of 5p each in the capital of the Company held by Sportech's Finance Director, Gary Speakman (the 'original options') in return for the grant of options to acquire 3,500,000 ordinary shares of 5p each in Sportech (the 'new options'). The reason for the surrender and regrant of options is to align the share options held by Gary Speakman with those held by other directors such that all the directors of Sportech have the same performance conditions and similar incentives. The Remuneration Committee of Sportech believes that the options now issued to the directors links their incentives to the interests of shareholders. The original options were exercisable at prices of between 12.25p and 14.75p per share at various dates up to 26 April 2014. The new options were granted on 8 June 2006 and are exercisable between 8 June 2009 and 7 June 2016. The new options are exercisable at 12.5p per share and are split into three tranches: to 1,500,000 shares when the Sportech share price reaches a closing price of 17.5p; up to a further 1,000,000 shares when the Sportech share price closes at 22.5p; and up to a further 1,000,000 shares when the Sportech share price closes at 27.5p. - ends - Enquiries: Sportech PLC Ian Penrose, Chief Executive Officer 0151 288 3561 Bell Pottinger Corporate & Financial David Rydell / Zoe Sanders 020 7861 3887 This information is provided by RNS The company news service from the London Stock Exchange

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Sportech (SPO)
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