Tag Archives: ian penrose

Further to publishing its full-year 2018 results, yesterday FTSE250 gambling technology group Playtech Plc confirmed the departure of Andrew Thomas as a corporate Independent Non-Executive Director. A seasoned executive in corporate financing, taxation and UK leisure/entertainment commercial enterprise, Thomas has served as a Playtech governance advisor since 2012. During his tenure as a Playtech Non-Executive Director, Thomas chaired the FTSE …

Under the banner ‘Together for the Tote’, investment consortium Alizeti has unveiled the executive management team which will seek to revitalise the Tote’s racing pools betting proposition. Led by racing financier Alex Frost, last May Alizeti secured a 25% stake in the Tote, valued at approximately £150 million with a further option to acquire 100% of the legacy operator in future transactions. …

The Sunday Times has this weekend reported that Playtech Plc is set to recruit former Sportech Plc Chief Executive Ian Penrose as a non-Executive Director advising the FTSE250 technology group on its US market expansion strategy. Penrose is considered one of the leading industry figureheads on US sports betting, having led racing systems provider Sportech Plc’s North American corporate transformation …

London-listed racing and betting systems provider Sportech Plc has ended its +6 month search for a new corporate financial leader, confirming the appointment of Thomas Hearne as new Group Chief Financial Officer (CFO). Hearne is expected to take official Sportech CFO duties on 14 May, and will be further appointed to the firm’s Board of Directors. Sportech governance had begun …

Issuing a governance statement, London-listed betting systems provider Sportech Plc has today announced that it is seeking a corporate sale of its entire enterprise. Its decision follows a comprehensive strategy review undertaken by Sportech governance with a view to maximising shareholder value. Launching its bidding process, Sportech informs that it has appointed London investment firm Canaccord Genuity as lead financial …

Sportech Plc has this morning informed that Chief Executive Ian Penrose and Chief Finance Officer Mickey Kalifa have both notified the board of their ‘intentions to resign’ from company leadership. The London-listed betting and racing systems provider informs that Penrose will maintain leadership of the company until 31 December assisting Sportech governance in its leadership transition. Kalifa’s CFO resignation is …

The governance of London-listed industry betting and racing systems provider Sportech Plc has described the first half of 2017 as a ’transformational period’ for its business. The company which continues to expand internationally, securing new betting systems contracts in Asia, Denmark and the USA (Connecticut) would report H1 2017 period corporate revenues of £36.4 million up 5% corresponding 2016’s £34.7 …

The governance of London-listed racing technology and systems provider Sportech Plc has confirmed that it has accepted a £20.9 million buyback of shares issued under a ‘tender offer’. Issuing a corporate update to investors, Sportech governance detailed that it will seek to purchase approximately 20.6 million shares under the offer at a price of 101.5 pence each. Sportech detailed that …