UK Liberal Democrat party leader Nick Clegg is meeting his senior MPs to discuss a power-sharing offer from the conservatives, after the UK election resulted in a hung parliament.

He indicated a deal is not imminent and said they would talk to other parties in a "constructive spirit".

The Conservatives won most seats but not enough to secure a majority and are looking to the third-biggest party for support to form a government.

If it fails, current PM Gordon Brown has invited the Lib Dems to talk to Labour, the BBC reported

Clegg began meeting his frontbench MPs on Saturday morning and will meet his wider parliamentary party later to discuss Cameron's proposals in the wake of the first general election to deliver a hung parliament since 1974. The party's federal executive - its governing body - will meet late Saturday evening.

The Lib Dem leader is likely to face opposition from some within his own party to doing a deal with the Conservatives - and Cameron will face a battle from some Conservatives if he allows senior Lib Dems to serve in a Conservative-led cabinet or bows to demands for change the voting system. As he entered the talks Clegg said the election result meant politicians had to talk to each other as "people deserve good, stable government".

He said the Lib Dems would enter into talks with other parties in a "constructive spirit" over the "coming hours and days" - implying that a deal is unlikely on Saturday.

He did not take any questions, but said the party would press its case for its four priorities - tax reform to make the system fairer, a "new approach" to education to give a "fair start" to all children and to the economy and "fundamental political reform to our political system".