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2 Jun 2008 14:49
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Date: 02 JuneΒ 2008
On behalf of: NetPlay TV plc ("the Company" or "Netplay")
For immediate releaseΒ
NetPlay TV plcΒ
Issue ofΒ EquityΒ
NetPlay TV plc (AIM: NPT),Β announces today thatΒ in connection with the Bingos acquisitionΒ on 17Β March 2008,Β the CompanyΒ hasΒ agreed to pay Story Holdings Inc, a company controlled by Dominic Mansour,Β CEO of Bingos.com,Β a finders fee of Β£250,000Β as detailed in the circular.Β ItΒ isΒ intended that Story Holdings Inc will use these fundsΒ to subscribe for ordinary shares in the Company at a pre-agreed price of 16.5p, which was the market value on exchange of contracts.Β
These shares have now been issuedΒ and are subject to aΒ hard lock inΒ period, until 16Β April 2009,Β during which Story Holdings Inc will not be permitted to dispose of these shares.Β An application will be made for the shares to be admitted to trading on AIM. Admission is expected to be effective from 6 June 2008.
Enquiries:
NetPlay TV plc
Martin Higginson, Executive Chairman www.netplaytv.plc.ukΒ
Via Redleaf
Redleaf Communications Tel: 020 7822 0200
Emma Kane/ Sanna Sumner / Mike Ward netplay@redleafpr.com
Landsbanki Securities (UK) Limited
Sindre Ottesen Tel: 020 7426 9000
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