Update re TVPlayer investment
10 June 2019
Further to the announcement of interim results made on 30 April 2019, YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology, media and leisure sectors, understands that the board of TVPlayer Limited ("TVPlayer") has had discussions with a number of interested parties regarding a further strategic investment or a trade sale, however none of these discussions have yet reached a stage when a definitive offer has been made for the company. It is unclear at present what return may be generated for shareholders in TVPlayer in the event of a sale of its business as a going concern or any of its assets.
YOLO holds 3.28 per cent. of TVPlayer's fully diluted equity share capital and £50,000 of convertible loan notes. The book value of TVPlayer in YOLO's balance sheet as at 31 March 2019 was £446,973 (0.86p per YOLO ordinary share). As announced on 30 April 2019, as at 31 March YOLO's net asset value equated to 6.81p per ordinary share (5.95p per ordinary share excluding the book value of TVPlayer in YOLO's balance sheet on the same date).
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
|YOLO Leisure and Technology plc|
|Simon Lee Robinson||[email protected]|
|Cairn Financial Advisers LLP|
|Sandy Jamieson, Liam Murray||Tel: +44 20 7213 0880|
|Peterhouse Corporate Finance Limited(Sole broker)|
|Duncan Vasey / Lucy Williams||Tel: + 44 20 7220 9797|
|Walbrook PR Ltd||Tel: +44 20 7933 8787
|+44 7980 541 893
+44 7884 664 686