LONDON (Alliance News) - Netplay TV PLC on Monday said it has held talks about a reverse takeover of pool betting organisation Sportech PLC's Football Pools business, although it noted the "very preliminary stage" of the discussions and warned there is no guarantee of a deal.
Under stock exchange rules relating to reverse takeovers, shares in Netplay were suspended from trading on Monday in London.
On November 10, Sportech confirmed it had received more than one preliminary proposal for its Football Pools business. The company also offers horse race betting.
Shares in Sportech were up 6.0% at 60.43 pence on Monday morning, giving it a GBP124.6 million market capitalisation. Netplay's market cap was GBP21.9 million before shares were suspended at 7.27p.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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