Brief: Sportech confirms recommended offer from Contagious Gaming

Contagious Gaming

14/08/2015 14:17

Aug 14 (Reuters) - Sportech Plc  ROD.L  
    * Statement re. Press speculation 
    * Notes recent press speculation and confirms that it has 
received a proposal from Contagious Gaming Inc. 
    * Any recommended offer from Contagious Gaming, if made, 
would be at a premium to sSportech's current share price of 
62.63p as at 13 August 2015 
    * Any recommended offer would comprise a majority in cash 
and balance in new Contagious Gaming shares 
    * Sportech shareholders would also receive approximately 
half of net proceeds in event of a successful vat repayment 
claim* on "Spot Ball" game 
    * Sportech shareholders are advised by board to take no 
action 
    * No certainty that any formal offer for company will be 
forthcoming, nor as to terms of any such formal offer 
    * This announcement has not been made with agreement or 
approval of contagious gaming 
 
Source text for Eikon:  ID:nRSN1356Wa  
Further company coverage:  ROD.L  
 
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