Sportech publishes trading update and board changes including CEO departure

Betting technology company Sportech has announced a series of boardroom changes and a trading update, ahead of its Annual General Meeting (AGM) held today in London

Betting technology fellowship Sportech has announced a serial of council chamber changes and a trading update, onwards of its Annual General Meeting (AGM) held today in London.

Andrew Lindley, after his naming in Sept 2021, will vacate his role as CEO and will not remain firm to be re-elected as a Director at the AGM.

Sportech has non given inside information on when Lindley is to leave alone his role but stated that he will “continue to backing the mathematical group inward concluding various stream initiatives inwards the coming months.”

Commenting on his departure, Sportech said: “The Board would like to thank St. Andrew for his professionalism and services to the accompany during his term of office as the CEO.”

Richard Maguire, currently Non-Executive Chairman at Sportech, testament submit over as Executive Chairman with quick effect.

These boardroom changes follow after a identification number of other recent departures. Earlier this month, Sportech proclaimed that Non-Executive Director Ben Warn was to step land and would non live seeking re-election at the AGM.

April also saw the going away of Giles Vardey, who left hand his role as Independent Non-Executive Chairman.

Sportech today published a trading update, detailing that “for the first off quintet months of the yr trading has been inwards demarcation with the Board’s expectations.”

The statement went on to say that sports betting has experienced a heights value of growth, but that pari-mutuel wagering and solid food and drinkable trade in go on to experience the wallop of Covid-19.

Sportech concluded the trading update past noting the success of the launching of sports betting, commenting that “the Board are confident that the accompany will reach the projected boilersuit betterment in the Venues concern to living a confirming mathematical group EBITDA this year.”

Finally, Sportech confirmed that today a defrayment of £0.07 ($0.08) per portion out has been made to all shareholders on the registry at 6 May 2022, and that the conglomeration defrayment by the Group was £7,000,000.

The mathematical group will publish interim results for the sextet months ended 30 June on 1 Sep 2022.