Contagious Gaming clarifies stance on Sportech proposal

lier Contagious Gaming has confirmed it has made a proposal to operator and supplier Sportech regarding a possible business combination that may create a combined company.

Contagious Gaming’s announcement was in response to a press release published by Sportech in which it said it had received a proposal from Contagious Gaming regarding a possible recommended offer for the whole of the issued and to be issued ordinary share capital of the company.

Contagious Gaming said it “has not made a firm intention statement regarding the proposed business combination”.

The deadline by which Contagious Gaming must either announce a firm intention to make an offer for Sportech or to announce that it does not intend to make an offer is no later than 5pm on 11 September.