BRIEF-Sportech confirms recommended offer from Contagious Gaming

Fri Aug 14, 2015 9:23am EDT
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Aug 14 (Reuters) - Sportech Plc

* 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: Further company coverage: