Specifically, the company clarified that it was fined by the UK Gambling Commission once during 2018, not twice as implied in reports.
It is now reviewing its options, which include taking a more aggressive organic expansion strategy, expanding through acquisition or a potential sale of the company.
Investec has been hired to assist with the review. The company expects to report back to investors ahead of reporting its interim results statement, for the six months that will end on 28 February.
Stride will now be considered to be in an offer period under stock market rules.
“The board reserves the right to alter or terminate the review process at any time and if it does so it will make an announcement as appropriate,” Stride said.
It added: “The board also reserves the right to reject any approach or terminate discussions with any interested party at any time.”