Netplaytv Shareholders Approve Betsson Acquisition

NETPLAYTV SHAREHOLDERS APPROVE BETSSON ACQUISITION

23rd March, 2017 at 21:19:42
Source: http://www.azonlinecasinos.com

Betsson advises timeline to acquisition.

Gambling group Betsson has issued a statement on its proposed acquisition of NetPlayTV as announced in February this year (see previous reports), advising that NetPlay shareholders have approved the deal, and setting out a timetable for completion.

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. 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.

The expected timetable for the remaining steps in the offer process are:

29 March 2017

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