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Press Speculation and Statement re: Suspension

21 Dec 2015 07:30

RNS Number : 6839J
Netplay TV PLC
21 December 2015
 

NetPlay Tv plc

("NetPlay" or the "Company")

21 December 2015

Press Speculation and Statement re Suspension

 

The Company notes the recent press speculation and confirms that it has held discussions with the board of Sportech PLC in relation to a potential acquisition of The Football Pools business (the "Acquisition"). These discussions are at a very preliminary stage and there is no guarantee that any agreement will be reached.

If it proceeds, the Acquisition would constitute a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies. Accordingly, the Company's ordinary shares have been suspended from trading on AIM with immediate effect and will remain suspended until either these discussions have ceased or an AIM Admission Document has been published.

The Company will update shareholders with further information as appropriate.

 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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