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Sportech announces £53.8m distribution to shareholders

16th November 2017 7:51 am GMT

London-listed gaming provider Sportech has announced plans to distribute £53.8m to shareholders through its capital reduction plan.

The distribution amounts to 29.0 pence per share in cash and follows Sportech's £83m sale of The Football Pools business, and this week's approval from the Edinburgh Court of Session to reduce its capital by approximately £55.7m.

"We previously announced that the company would be making a significant distribution to its shareholders and I am pleased to formally announce that we will be [...]

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