Further Issue of Equity
5 November 2019
("Nektan", the "Company" or the "Group")
Further issue of equity
Further to its announcement of 25 October 2019 ("Announcement"), Nektan plc (AIM: NKTN), the fast-growing international gaming technology platform and services provider, announce that it has placed a further 2,500,000 new Ordinary Shares with an investor at the Placing Price, raising an additional £125,000, bringing the total raised from the Placing to £2.725 million (before expenses), resulting in the issue of 54.5 million new Ordinary Shares at the Placing Price, conditional, inter alia, on the passing of Resolutions at the Extraordinary General Meeting.
Application will be made to the London Stock Exchange for the admission of the 2,500,000 new Ordinary Shares to trading on AIM ("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 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.
Further announcements will be made as appropriate.
All capitalised terms in this announcement, unless otherwise defined, are as set out in the Announcement.
For further information on the Group, please contact:
Jim Wilkinson, Non-Executive Chairman
Gary Shaw, Executive Director and Interim CEO
+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, 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
Market Cap: £8.71 m
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...FOR OUR FULL DISCLAIMER CLICK HERE