Netplay TV PLC Special Dividend & Associated Share Consolidation (4782Z)
27 May 2016 - 4:00PM
UK Regulatory
TIDMNPT
RNS Number : 4782Z
Netplay TV PLC
27 May 2016
Date: 27 May 2016
On behalf NetPlay TV plc ("the Company") along
of: with its subsidiaries (the "Group" or
"NetPlay" or "NetPlay TV")
Embargoed 0700hrs
until:
Not for release, publication or distribution, in whole or in
part, in, into or from any jurisdiction where to do so would
constitute a violation of the relevant laws of such
jurisdiction
NetPlay TV plc
Special dividend, share consolidation and total voting
rights
NetPlay TV plc (AIM: NPT), the interactive gaming company,
announces that the record date, following approval of all
resolutions at the Company's annual general meeting on 12 May 2016,
for the special dividend and associated share consolidation is
close of business today. The terms of the special dividend and
share consolidation are set out in the AGM notice and summarised
below.
Special dividend
Shareholders will receive a special dividend of 0.68 pence per
existing ordinary share. Payment will be made to shareholders who
are on the register of members at 6.00pm today. The special
dividend will be paid to shareholders on 9 June 2016.
Share consolidation
The payment of the special dividend is accompanied by a
consolidation of the Company's ordinary issued share capital. The
consolidation will replace every 15 existing ordinary shares of 1
pence each with 14 new ordinary shares of 1(1) /(14) pence each
("New Ordinary Shares"). Fractional entitlements arising from the
share consolidation will be aggregated and sold in the market as
soon as practicable on behalf of the relevant shareholders. The net
proceeds of the sale, after the deduction of expenses of the sale,
are expected to be paid in due proportion to the relevant
shareholders, except that individual amounts of GBP3 or less will
retained by the Company.
As all ordinary shares will be consolidated, each shareholder's
shareholding as a proportion of the total number of issued ordinary
shares in the share capital of the Company will be the same
immediately before and after the implementation of the share
consolidation (save in respect of fractional entitlements).
The full terms and explanatory notes of the consolidation are
set out in the full AGM notice sent to shareholders and available
on the company's website:
http://www.netplaytv.com/sites/www.netplaytv.com/files/AGM%20Notice%20May%2016%20vFINAL.pdf
Total Voting Rights
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and admission is expected to take place
at 8.00 am on 31 May 2016 ("Admission").
Following Admission, the Group's share capital and total voting
rights will comprise of 278,728,184. New Ordinary Shares. The Group
does not hold any shares in treasury. Consequently, 278,728,184 is
the figure which may be used by shareholders as the denominator for
the calculation by which they will determine if they are required
to notify their interest in, or a change to their interest in the
Company.
Enquiries:
NetPlay TV plc www.netplaytv.com
Bjarke Larsen, Chief Executive Officer Via Redleaf
Akshay Kumar, Group Finance Director
Redleaf Communications
Rebecca Sanders-Hewett Tel: 020 7382
Sarah Fabietti 4730
Susie Hudson netplay@redleafpr.com
Shore Capital (Nominated Adviser and Broker) Tel: 020 7408
4090
Stephane Auton
Edward Mansfield
Notes to Editors:
About NetPlay TV plc
NetPlay TV plc operates a number of online interactive gaming
services under a UK remote operating license and Alderney gaming
licence, these include SuperCasino.com, Jackpot247.com and
Vernons.com. The Group 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. Its TV services can be viewed every evening on ITV and
Channel 5.
The Group also operates a specialist online digital marketing,
product development and technology business. This provides a
complementary and profitable revenue stream whilst adding to the
Group's capability in driving traffic to NetPlay TV's brands.
The Company is admitted to trading on the AIM market of the
London Stock Exchange (NPT).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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