Good News For Sportech Investors
By Brian Cullingworth, Last updated Mar 8, 2021
Company plans to return capital to its shareholders
UK betting group Sportech had some good news for shareholders on Thursday, advising them that the board of directors has resolved to return approximately GBP 20 million to them by way of a tender offer to be implemented during the current tax year.
The offer will be effected by using the company’s existing authorities to repurchase ordinary shares and is therefore not subject to shareholder approval.
A circular containing the terms and conditions and details of how eligible shareholders will be able to participate in the tender offer will be posted to shareholders in due course.
Online Casino News Courtesy of Infopowa
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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