Update re TVPlayer investment

10 June 2019

Further to the announcement of interim results made on 30 April 2019, YOLO Leisure and Technology plc, the AIM-quoted company focusing on opportunities in the technology, media and leisure sectors, understands that the board of TVPlayer Limited ("TVPlayer") has had discussions with a number of interested parties regarding a further strategic investment or a trade sale, however none of these discussions have yet reached a stage when a definitive offer has been made for the company. It is unclear at present what return may be generated for shareholders in TVPlayer in the event of a sale of its business as a going concern or any of its assets.

YOLO holds 3.28 per cent. of TVPlayer's fully diluted equity share capital and £50,000 of convertible loan notes. The book value of TVPlayer in YOLO's balance sheet as at 31 March 2019 was £446,973 (0.86p per YOLO ordinary share). As announced on 30 April 2019, as at 31 March YOLO's net asset value equated to 6.81p per ordinary share (5.95p per ordinary share excluding the book value of TVPlayer in YOLO's balance sheet on the same date).

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Enquiries

YOLO Leisure and Technology plc  
Simon Lee Robinson simon.robinson@yoloplc.com
   
Cairn Financial Advisers LLP  
Sandy Jamieson, Liam Murray Tel: +44 20 7213 0880
   
Peterhouse Corporate Finance Limited (Sole broker)  
Duncan Vasey / Lucy Williams Tel: + 44 20 7220 9797
   
Walbrook PR Ltd Tel: +44 20 7933 8787
or yolo@walbrookpr.com
Paul McManus
Sam Allen
+44 7980 541 893
+44 7884 664 686

 

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