11 Jan 2016 07:00
Date: | 11 January 2016 |
On behalf of: | NetPlay TV plc ('the Company', 'the Group' or 'NetPlay') |
Embargoed until: | 0700hrs |
NetPlay TV plc
Termination of talks
NetPlay TV, the interactive gaming company, announces that it has withdrawn from discussions with Sportech plc in relation to the potential acquisition of The Football Pools business. On 21 December 2015, the Company announced that it had held discussions in relation to the potential purchase of the Football Pools business, albeit such discussions were at a preliminary stage. Sportech plc has subsequently announced they had received a number of indicative proposals for the Football Pools business and invited interested parties to submit their best and final proposals by mid-January 2016. After careful consideration the Company has decided not to enter into this process and has therefore terminated discussions.
As such, the suspension from trading in the Company's ordinary shares will be lifted at 7:30am today.
NetPlay, supported by its robust cash position, continues to pursue a strategy of actively considering all relevant acquisition opportunities and increasing shareholder value.
Enquiries:
NetPlay TV plc | www.netplaytv.com |
Bjarke Larsen, Chief Executive Officer Akshay Kumar, Group Finance Director
| Via Redleaf |
Redleaf Communications | Tel: 020 7382 4730 |
Rebecca Sanders-Hewett Sarah Fabietti Susie Hudson
| netplay@redleafpr.com |
Shore Capital (Nominated Adviser and Broker) | Tel: 020 7408 4090 |
Stephane Auton Edward Mansfield |
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Notes to Editors:
About NetPlay TV plc
NetPlay TV plc is admitted to trading on the AIM market of the London Stock Exchange (NPT). The Group operates a number of interactive gaming services under a UK remote operating license and 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, and every evening on ITV and 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.