29 May 2014 07:00
Date: | 29 May 2014 |
On behalf of: | NetPlay TV plc ('the Company', 'the Group' or 'NetPlay') |
Embargoed until 7am |
NetPlay TV plc
AGM Statement
NetPlayTV plc (AIM: NPT), the interactive gaming company, will hold its Annual General Meeting ('AGM') at 2:00pm today. At the AGM, the Chairman will issue the following update up to and including 27 May 2014:
"2013 was a very strong year for NetPlay TV, delivering our third consecutive year of net revenue growth in excess of 20% and increasing EBITDA by 21% to a record £5.2m. We have continued to be highly cash generative with the year end cash balances standing at £13.9m*. We are therefore pleased to have recommended a final dividend of 0.32 pence per share, which will be submitted for formal approval at the AGM today.
"Q2 average daily net revenues continue to grow compared with the same period last year. In line with the Group's stated marketing strategy, its brand SuperCasino will be the headline sponsor for Big Brother and Celebrity Big Brother from June to September. In addition, the Company is pleased to announce that its brand Vernons.com will sponsor the Walkabout chain of sports bars throughout the UK until May 2015.
"We anticipate that 2014 will be a year of further financial progress, and we look forward to updating the market with our Q2 KPIs in July."
Enquiries:
NetPlayTV plc | www.NetPlayTVplc.com |
Charles Butler, Chief Executive Officer Akshay Kumar, Group Finance Director | Via Redleaf |
Redleaf Polhill |
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Rebecca Sanders-Hewett Jenny Bahr Rachael Brown | Tel: 020 7382 4730 netplay@redleafpr.com |
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N+1 Singer (Nominated Adviser and Broker) | Tel: 020 7496 3000 |
Jonny Franklin-Adams
Jen Boorer
Notes to Editors:
About NetPlayTV plc
NetPlayTV plc is admitted to trading on the AIM market of the London Stock Exchange (NPT). NetPlayTV operates a number of interactive gaming services under an Alderney gaming license, including SuperCasino.com, Jackpot247.com and Vernons.com. Its TV services can also be viewed 24 hours a day live on Sky Channel 862, six nights a week on ITV1, and every evening on Channel 5.
The Company is focused on the delivery of a converged interactive gaming experience allowing its players to interact with its games on a variety of platforms, TV, internet, mobile and tablet from a common integrated wallet.
*Including customer funds held of £1.7m.