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YOLO Yolo Leisure And Technology Plc

18.75
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yolo Leisure And Technology Plc LSE:YOLO London Ordinary Share GB00BFX2VL54 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.75 18.50 19.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

YOLO Leisure & Technology PLC Update re TVPlayer investment (5988B)

10/06/2019 7:00am

UK Regulatory


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TIDMYOLO

RNS Number : 5988B

YOLO Leisure & Technology PLC

10 June 2019

YOLO Leisure and Technology plc

("YOLO")

Update re TV Player

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 GBP50,000 of convertible loan notes. The book value of TVPlayer in YOLO's balance sheet as at 31 March 2019 was GBP446,973 (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 Capital 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                            Mob: +44 7980 541 893 
 Sam Allen                               Mob: +44 7884 664 686 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

FURUGUMPQUPBGRB

(END) Dow Jones Newswires

June 10, 2019 02:00 ET (06:00 GMT)

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