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.
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