REG - YOLO Leisure & Tech - Update re Investment <Origin Href="QuoteRef">YOLO.L</Origin>

AsimilarAnnouncement

02/03/2017 07:01

RNS Number : 2864Y
YOLO Leisure & Technology PLC
02 March 2017
YOLO Leisure and Technology plc
("YOLO" or the "Company")
Further growth investment into TVPlayer
YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology, media and leisure sectors,announces that investee company, TVPlayer Limited ("TVPlayer"), a leading UK online livestreaming TV platform, has successfully completed an investment expansion round for working capital. The fund-raising was led by A&E Television Networks, LLC ("A&E Networks"), the US-based international TV content and channels network, and follows on with an increased valuation from the 5 million funding round successfully completed by TVPlayer in October last year.
Yolo is pleased to confirm that the Company made an additional investment in TVPlayer to ensure that the Company maintained its existing holding in what the Board of Yolo considers as one of the most exciting technology offerings in the European streaming marketplace. 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
YOLO Leisure and Technology plc
www.yoloplc.com
Simon Robinson
simon.robinson@yoloplc.com


Cairn Financial Advisers LLP

Sandy Jamieson, Emma Earl
+44 20 7213 0880


Peterhouse Corporate Finance LimitedSole broker

Eran Zucker / Lucy Williams
+ 44 20 7469 0930


Walbrook PR Ltd
+44 20 7933 8787 or yolo@walbroookpr.com
Paul McManus/Sam Allen
+44 7980 541 893/+44 7884 664 686


Notes to editors
YOLO has a4.66% holding of the shares in TVPlayer, which demergedfrom SimplestreamLimited ("Simplestream") in Q4 2016.Following the demerger,YOLO maintains a 6.78% stake of inSimplestream, which continues to sell specialist online streaming software to broadcasters and is a profitable organisation.
About TV Player: 
TVPlayeris an online freemium over the top (OTT) television platform which is available across mobile, tablet and connected TV, with over 3m downloads, offering over 100 channels to over 1m unique users per month. The TV aggregator offers free to air and premium channels from UKTV, Fox, A+E, Discovery, Eurosport, Sony, Viacom and Turner for just 5.99 per month without a contract.
About Simplestream:
Simplestream a leading provider of video services for the media and entertainment industry, providing multi platform live streaming, live-to-Video on Demand ("VoD") and Catchup TV services for the broadcast and media industry. Its clients include A+E Networks, Blaze, SONY, Universal Music, News Corp, QVC, MP & Silva, Trace and At The Races amongst others.
About A&E Networks:
A&E Networks(stylized asA+E NETWORKS) is an American media company that owns a group of television channels available via cable & satellite in the U.S. and abroad.A&Estands for Arts & Entertainment. The company is a joint venture betweenHearstandDisney-ABC Television Group, a unit of theDisney Media Networkssubsidiary ofThe Walt Disney Company.A&E Networks reach 330 million people worldwide. 
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