NetPlay TV reveals Sportech takeover talks, suspends AIM trading

NetPlay TV has revealed that it has held preliminary discussions with Sportech in regards to a potential acquisition of The Football Pools business.

In a statement confirming the talks, NetPlay TV said the discussion are at a “very preliminary stage” and there is no guarantee that an agreement will be reached.

Should a deal be agreed, the acquisition would constitute a reverse takeover in accordance with Rule 14 of the AIM Rules for Companies.

In accordance with these rules, NetPlay TV has temporarily suspended trading from the AIM with immediate effect.

Trading will remain suspended until either discussions have ceased or an AIM Admission Document has been published.
Meanwhile, Sportech has named Mickey Kalifa as its new chief financial officer.

Kalifa will begin the handover process from Cliff Baty on January 4, but will not take over the role officially until the company announces its results for the 12 months through to December 31, 2015, on March 3.

Confirmation of Kalifa’s appointment comes after a six-year spell as corporate development director at Sportech, prior to which he served in various finance and executive roles with the likes of Disney, Time Warner and BSkyB.

Sportech chairman Roger Withers said: “I am delighted to welcome Mickey to the board; he is a highly valued member of our executive team, and has played a significant role in the development of our business interests in the US and Canada.

“I would also like to thank Cliff for his contribution to the board, and wish him well in his future career.”

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