9 January 2020
("Nektan", the "Company" or the "Group")
Update on publication of annual accounts
Nektan plc (AIM: NKTN), the fast growing, award-winning international gaming technology platform and services provider, announces an update regarding the publication of its annual accounts for the year ended 30 June 2019 (the "Accounts"), which, as announced on 2 January 2020, were required to be published by 31 December 2019 pursuant to Rule 19 of the AIM Rules for Companies (the "AIM Rules").
Following the appointment of administrators to its subsidiary company, Nektan (Gibraltar) Limited ("NGL"), and the subsequent sale by the administrators of the UK B2C business of NGL to Grace Media Limited, as announced on 7 January 2020, the Group confirms that the Accounts are being finalised and are expected to be released in January 2020, as previously announced.
Following publication of the Accounts, the Directors expect the temporary suspension of trading in the Company's ordinary shares on AIM under AIM Rule 40, which took effect at 7.30am on 2 January 2020, to be lifted, at which time trading in the Company's ordinary shares on AIM will recommence.
For further information on the Group, please contact:
Gary Shaw, Interim Chief Executive Officer
Simon Hay, Chief Financial Officer
Kam Bansil, IR
+44 203 478 2648
Shore Capital (Nominated Adviser and Joint Broker)
Tom Griffiths / David Coaten
+44 207 408 4050
Novum Securities (Joint Broker)
Jon Belliss / Colin Rowbury
+44 207 399 9425
Further information on Nektan can be found on the Group's website at www.nektan.com.
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.
Nektan's full end-to-end technology platform, Evolve, enables the management of the full customer experience and back-office operations, allowing operators on this platform to allow their 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.