Bump 50:50 Introduces Debit Card Raffle Sales to Fans in Texas

Bump 50:50 Raffles Dallas Mavericks

Update from Bump 50:50

Sportech’s Bump 50:50 successfully introduced a new payment method for sales of the 50/50 raffles at Dallas Mavericks games.

Fans are now able to use their debit card to participate in the 50/50 raffle, with half of the proceeds going to the raffle winner and half to the Dallas Mavericks Foundation. This is the first time that debit cards have been used to conduct 50/50 raffle sales in Texas.

For more about Bump 50:50 and their innovative digital raffle programs, visit the Bump 50:50 website.

Fans Celebrate the Big Game at Bobby V’s Stamford

Fans celebrate a big win at Bobby V's Stamford

Update from Sportech Venues:

Last Sunday, Sportech Venues’ Bobby V’s Restaurant and Sports Bar in Stamford, Connecticut saw fans of Philadelphia and New England celebrating the big game, a scene set perfectly for an amazing game day experience for all.

The capacity crowd was surrounded with over 200 HD TV’s showing the game as they enjoyed food from Bobby V’s scratch-made menus, signature drinks, and a hard-to-beat party atmosphere.

Sportech’s Winners venue, located on the second floor of the facility, hosted guests whilst they enjoyed betting on and watching the day’s racing leading up to and throughout the big game.

For more information on Sportech Venues and Bobby V’s, visit the Sportech Venues page or the Bobby V’s Stamford website.

Sportech Connects with OPAP of Greece in Commingling Arrangement

Update from Sportech Racing and Digital:

Sportech Racing and Digital now connects a new European commingling customer to horse race betting pools operated by Sportech’s long-time customer, Nicosia Race Club of Cyprus.

In January 2018, OPAP, the holder of exclusive rights to numerical lotteries and sports betting in Greece, began commingling into Nicosia Race Club’s pools via Sportech’s Quantum™ Data Center facility in Europe.

This new commingling arrangement brings the excitement of Nicosia’s racing to the 1,500 off-track betting outlets operated by OPAP. In addition, it also opens the gate for OPAP to now access all of the racing content made available through Sportech’s global pari-mutuel systems and adds yet another European country to Sportech Racing and Digital’s global footprint.

For more information about Sportech Racing and Digital, and the services available through its Quantum™ Data Centers, visit the Sportech Racing and Digital website.

Racing and Digital Launches Self-Service Betting at Ascot and Chelmsford

Update from Sportech Racing and Digital:

Sportech Racing and Digital has successfully launched self-service and mobile betting technologies at two of the UK’s most prestigious racing venues, Ascot Racecourse and Chelmsford City Racecourse.

Following the successful soft launch of the Digital Link™ mobile app and the BetJet® SL 2.5 self-service terminal, Sportech Racing and Digital customer Betfred Totepool have further extended these mobile and self-service technologies to the Chelmsford City Racecourse.

Guests of the racecourses can use the self-service BetJet® SL 2.5 terminal to place tote bets or to fund their Digital Link™ mobile app for convenient, secure and private on-course pools betting.

For more information about Sportech Racing and Digital, and the Digital Link™ and BetJet® SL 2.5 products, visit the Sportech Racing and Digital website.

Records Are Made To Be Broken

Update from Sportech’s Bump 50:50 :

On Monday night the Tampa Bay Lightning held the biggest online 50:50 raffle for a sporting event in US history during the NHL All-Stars. Using the Bump 50:50 platform they were able to reach a jackpot of $276,414!

For more information about Bump 50:50 and their electronic raffle systems, visit the Bump 50:50 website.

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Bolts 50:50 Raffle Hits $160K!

Update from Sportech’s Bump 50:50 :

Here is our President of Bump 50:50, Dan Tanenbaum celebrating Tampa Bay Lightning Bolts 50:50 All-Star Raffle hitting $160K at the weekend.

The final jackpot totalled at $276,414.

For more information about Bump 50:50 and their electronic raffle systems, visit the Bump 50:50 website.

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Bump 50:50 Powers Lightning Foundation Progressive Raffle for NHL® All-Star Game

Bump 50:50, a division of Sportech Racing and Digital, announces the successful launch of the Lightning Foundation 50/50 Raffle, a new online, progressive 50/50 raffle for the National Hockey League’s Tampa Bay Lightning, powered by Bump 50:50 digital raffle technology.

The website, www.tblightning.bump5050.com, offers residents of most Florida counties the ability to purchase 50/50 raffle tickets in the days leading up to the 2018 NHL® All-Star Game on Sunday, January 28, 2018. The raffle will continue both online and at the Amalie Arena during the All-Star game, and at events and activities to be held in and around various venues in Tampa, FL.

Visitors to www.tblightning.bump5050.com can purchase raffle tickets, check for winning tickets, and claim their prize.

Proceeds from the winner-takes-half raffle will go to the NHL All-Star Legacy Project and the Boys & Girls Clubs of Tampa Bay.

Dan Tanenbaum, President of Bump 50:50, stated, “The implementation of the Lightning Foundation progressive raffle through both online and arena sales channels harnesses the excitement of the All-Star event to generate funds for exciting local charities and community projects and we are very happy that Bump 50:50 technology has helped bring this multi-channel raffle event to the NHL fans in Florida.”

For more information about Bump 50:50 and their electronic raffle systems, visit the Bump 50:50 website.

Notice to Shareholders

Following our announcement on 16 November 2017 regarding the confirmation of capital reduction and distributions to shareholders, please note that dividend cheques have been posted out to all shareholders. If any shareholder has not received their cheque, please contact our registrars, Link Asset Services on 0871-664-0300, who will be able to assist you further, but are likely to levy a charge to you, which the company is not in a position to waive.

Departing Directors’ Statement

Departing Directors’ Statement

Section 430(2B) Companies Act 2006 Statement

The following information is provided in accordance with section 430(2B) of the Companies Act 2006.

As announced on 18 September 2017, Ian Penrose and Mickey Kalifa are stepping down from their current roles as Chief Executive Officer and Chief Financial Officer respectively and from the Board of Sportech plc. Mr Penrose’s employment will end on 31st December 2017 and Mr Kalifa’s employment will end on 31st October 2017.

The following arrangements in respect of their employment and remuneration have been determined by the Group’s Remuneration Committee. All payments and arrangements are in line with the Company’s Directors’ Remuneration Policy approved by shareholders at the AGM in April 2017. Further details will be included in the Company’s 2017 Annual Report, to be published in the spring of 2018.

Mr Penrose and Mr Kalifa will continue to receive their salary and contractual benefits up until the end of their respective employments.
Following the end of his employment, Mr Penrose will be entitled to receive a payment of £1,000 in consideration of obligations agreed with the Company in respect of the period of six months following the end of his employment, £448,920 as damages for breach of contract in respect of his notice period (which equates to 12 months’ salary and benefits under his contract of employment), a payment of £50,000 as compensation for loss of office together with a payment of £15,340 in lieu of ten days’ holiday accrued but untaken.
Following the end of his employment Mr Kalifa will be entitled to receive a payment of £254,000 (which equates to 12 months’ notice entitlement under his contract of employment) together with a payment of £50,000 as compensation for loss of office.
Mr Penrose and Mr Kalifa will remain entitled to receive an annual bonus in respect of 2017, to be paid at the usual time and pro-rated to the end of their respective employments. These bonuses, which will be subject to malus and clawback provisions, will be determined by the Remuneration Committee in the normal way, considering the detailed financial and strategic objectives applying to such bonuses, save for certain strategic objectives irrevocably attained to date. The minimum bonus payment payable to Mr Penrose in respect of such objectives will be £159,600 and the minimum bonus payment payable to Mr Kalifa in respect of such objectives will be £81,915.
The following arrangements apply to the long-term incentive awards which will be outstanding on the dates when Mr Penrose and Mr Kalifa’s employments end:

Mr Penrose

The award granted to Mr Penrose in 2015 under the Sportech LTIP (LTIP) will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions. No pro-rating for time will be applied to this award.
The award granted to Mr Penrose in 2016 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from 9 March 2016 to 9 March 2018 as compared to three years save that, where this award vests in the context of a takeover of the Company and the Remuneration Committee exercises its discretion to accelerate the vesting of all other outstanding awards granted under the LTIP, the pro-rating of this award will be calculated by reference to the period of time from 9 March 2016 to 9 March 2018 as compared to the period of time from 9 March 2016 to the date of the takeover.
All awards granted to Mr Penrose under the LTIP will continue to be subject to malus and clawback provisions.
Mr Penrose will be entitled to retain the shares issued to him pursuant to the Sportech PLC Value Creation Plan (VCP) and such shares will vest, subject to performance, on their normal vesting date (being 1 January 2022 or, if earlier, the date of a takeover or demerger of the Company). The number of shares that will vest will be reduced to reflect the period of time from 31 December 2018 to the vesting date as compared to the period of time from 1 January 2017 to the vesting date. If the vesting date falls on or before 31 December 2018 (that is, as a result of a takeover or demerger), Mr Penrose’s VCP shares will vest in full.
Mr Kalifa

The award granted to Mr Kalifa in 2015 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from the date of grant to 31 December 2017 as compared to three years.
The award granted to Mr Kalifa in 2016 under the LTIP will vest in line with its original vesting date, subject to the satisfaction of the original performance conditions, and will be pro-rated to reflect the period of time from 9 March 2016 to 31 December 2017 as compared to three years save that, where this award vests in the context of a takeover of the Company and the Remuneration Committee exercises its discretion to accelerate the vesting of all other outstanding awards granted under the LTIP, the pro-rating of this award will be calculated by reference to the period of time from 9 March 2016 to 31 December 2017 as compared to the period of time from 9 March 2016 to the date of the takeover.
All awards granted to Mr Kalifa under the LTIP will continue to be subject to malus and clawback provisions.
Mr Kalifa will be entitled to retain the shares issued to him pursuant to the VCP and such shares will vest, subject to performance, on their normal vesting date (being 1 January 2022 or, if earlier, the date of a takeover or demerger of the Company). The number of shares that will vest will be reduced to reflect the period of time from 6 September 2018 to the vesting date as compared to the period of time from 1 January 2017 to the vesting date. If the vesting date falls on or before 6 September 2018 (that is, as a result of a takeover or demerger), Mr Kalifa’s VCP shares will vest in full.

Departing Director Statement – David McKeith

The following information is provided in accordance with Section 430(2B) of the Companies Act 2006.
As previously announced, David McKeith resigned as a Non-Executive Director of the Company on 23 August 2016.
The Company confirms that David McKeith will receive three months’ Board, Audit and Remuneration Committee fees in lieu of notice at the rates set out in the Company’s 2015 Annual Report & Accounts. No other remuneration payment will be made by the Company to Mr McKeith.