Finance Guru Giles Vardey joins Sportech governance advisory

Further to yesterday’s announcement of a shareholder £53 million capital redistribution, London-listed betting systems supplier Sportech Plc has confirmed the appointment of Giles Vardey as independent Non-Executive Director.

A 35-year finance executive, Vardey will advise Sportech governance on stakeholder management as the company undertakes a full-scale sale if its business in 2018.

In a distinguished career, Vardey has served as President & CEO of Fidelity Brokerage, and as Director of Market Development for the London Stock Exchange.

Vardy has further advised the governances of Collins Stewart Hawkpoint plc, Plus Markets plc and London Capital Group as a non-executive director.

Vardy has prior gaming industry experience includes the role of Non-Executive Chairman of Trident Gaming Limited from 2005 to 2008, when the business was sold to Partygaming plc.

Updating investors, Richard McGuire, Non-Executive Chairman of Sportech, commented on the appointment of Vardey

“We are delighted to welcome Giles to the Board.  His extensive experience at a senior level in various public and private companies will undoubtedly be of great value to Sportech not least during the Formal Sale Process that we are currently undertaking.  We look forward to his wise counsel and to the balance that he will bring to the Board.”

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