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Nektan PLC - Result of Meeting, TVR & Directors' Shareholdings

RNS Number : 7711T
Nektan PLC
18 November 2019

18 November 2019


("Nektan", the "Company" or the "Group")

Result of Meeting

Total Voting Rights


Directors' Shareholdings


Result of Meeting

Further to its announcements of 25 October and 5 November 2019 ("Announcements"), Nektan plc (AIM: NKTN), the fast-growing international gaming technology platform and services provider, is pleased to announce that all Resolutions put to shareholders at its EGM held earlier today were duly passed.


Total Voting Rights

Application has been made to the London Stock Exchange for the admission of the 129,974,063 new Ordinary Shares to trading on AIM (other than the Deferred Settlement Shares as defined below) ("Admission"). It is expected that Admission will occur and that dealings will commence at 8.00am on 19 November 2019. The new Ordinary Shares, when issued, will rank pari passu with the Company's existing Ordinary Shares. On Admission, the Company will have 241,825,665 Ordinary Shares in issue and admitted to trading on AIM. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.


The Company has agreed that settlement be deferred in respect of £234,500, forming part of the Placing, until 31 January 2020. As such, 4,690,000 new Ordinary Shares ("Deferred Settlement Shares") are expected to be admitted to trading on AIM and it is expected that dealings will commence at 8.00am on 3 February 2020. The Deferred Settlement Shares, when issued, will rank pari passu with the then existing Ordinary Shares.


Directors' Shareholdings

The Directors' resulting shareholdings immediately following Admission are detailed below:



Current shareholding

% of issued share capital

New Ordinary Shares issued pursuant to the VTA liability

New Ordinary Shares issued pursuant to the Placing

New Ordinary Shares issued pursuant to the Series A CLN conversion

Shareholding immediately following Admission

% of enlarged share capital

Sandeep Reddy








Gary Shaw








Jim Wilkinson









All capitalised terms in this announcement, unless otherwise defined, are as set out in the Announcements.

For further information on the Group, please contact: 


Gary Shaw, Executive Director and Interim CEO 

Simon Hay, CFO

Kam Bansil, Head of Investor Relations

+44 203 478 2648




Shore Capital (Nominated Adviser, Joint Broker and Joint Bookrunner)

Tom Griffiths / David Coaten

+44 207 408 4050



Novum Securities (Joint Broker)

Jon Belliss / Colin Rowbury

+44 207 399 9425

Whitman Howard (Joint Bookrunner)

Nick Lovering

+44 207 659 1234

Further information on Nektan can be found on the Group's website at www.nektan.com

About Nektan:

Nektan is a fast growing, international gaming technology and services provider, specialising in mobile casino. It licenses its proprietary technology to leading operators, including BetVictor, and provides end-to-end technology and white label casino services for leading brands, including News International's The Sun Play.


Nektan's full end-to-end technology platform, Evolve, enables the management of the full customer experience and back-office operations, allowing partners to focus on marketing the product to their consumers.


The E-Lite platform is Nektan's B2B gaming content aggregator and bonusing platform that delivers a wide range of premium content from the world's leading game studios. It is an easily-integrated add on module for operators, giving them an array of options and flexibility on how they manage and distribute a breadth of premium gaming content across their networks.


Nektan has a material stake in US-based interactive gaming operator Rapid Games, which provides US land-based casinos with an in-venue mobile gaming solution. It allows operators to add mobile technology and content making products accessible to players across both cabinets and mobile devices inside casinos.

Headquartered in Gibraltar, Nektan is regulated by the Gibraltar Licensing Authority, the UK Gambling Commission and the Information Commissioners Office. As a socially responsible license holder, Nektan endeavours to deliver a safe, secure and robust player gaming experience.


Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.


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 [email protected] or visit www.rns.com.

Quick facts: Nektan PLC

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Market: AIM
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