Proactive Investors - Run By Investors For Investors

NetPlay TV adds Safe Charge's payment services to its approved list

NetPlay TV adds Safe Charge's payment services to its approved list

NetPlay TV (AIM: NPT) has added Safe Charge International Ltd to its approved list of payment services providers and risk management solutions. The agreement is non-exclusive and does not stipulate a minimum or maximum level of transactions that need to be conducted through Safe Charge.

The deal is considered to be a related party transaction under AIM rules as NetPlays largest shareholder Directforce Trading Ltd, with a 29.7% stake, also has a beneficial interest in Safe Charge also has a beneficial interest in NetPlay TV through Directforce Trading Ltd.

Netplay TV, having consulted with its Nominated Adviser, consider the terms of the agreement to be fair and reasonable, in respect of the company's shareholders.

The company operates a number of interactive gaming services under a UK, Malta and Alderney gaming license, including, and

Recently, through the revision of an existing arrangement with Virgin Media, NetPlay took full control of the Challenge Jackpot business, marking another step towards its goal of becoming the UK's leading broadcaster of gaming experiences.

The original deal between NetPlay and Virgin was agreed in April 2009. NetPlay took control of the production of the TV channel and website. The Challenge Jackpot channel is a continuous interactive gaming channel, the channel airs 24 hours a day on the Virgin cable-TV network and on SKYs (LSE: BSY) satellite TV network. The Challenge Jackpot database generated 2.9m of gross gaming margin from 12 May 2009 to 31 December 2009.

View full NPT profile View Profile

Netplay TV Plc Timeline

February 02 2017
September 13 2016
January 14 2016

Related Articles

Augmented Reality on phone
March 21 2019
The firm currently has around nine companies in its portfolio that are either direct investments or through its sub-fund, Suir Valley Ventures, in which it holds a 22% stake
mobile marketing
April 02 2019
The merger is structured as an offer by Taptica that will see it owning 50.1% of the enlarged group and Rhythm One owning the remaining 49.9%
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use