Betsson says offer for Netplay TV approved by shareholders
NetPlay TV plc shareholders have voted to approve the scheme of arrangement regarding Betsson AB’s cash offer to acquire all shares in NetPlay and its implementation. The offer is still subject to the High Court of Justice sanctioning the offer, and certain other conditions as set out in the offer document.
On 2 February 2017, Betsson AB and NetPlay announced that they had reached agreement on the terms of a recommended public cash offer pursuant to which Betsson is proposing to acquire all shares of NetPlay, a company listed on AIM, a market of the London Stock Exchange. The offer is to be implemented by means of a court-approved scheme of arrangement, which is regulated, by the UK Companies Act and the UK Takeover Code. Further details on the offer can be found on www.betssonab.com.