Nektan PLC Placing Update (4498Q)
18 Outubro 2019 - 1:10PM
UK Regulatory
TIDMNKTN
RNS Number : 4498Q
Nektan PLC
18 October 2019
18 October 2019
NEKTAN PLC
("Nektan", the "Company" or the "Group")
Placing Update
Further to the Company's announcements of 18 and 25 September
2019 and 2 and 9 October 2019, the Board of Nektan plc (AIM: NKTN),
the fast-growing international gaming technology platform and
services provider, announces that certain of the expressions of
interest received from investors to meet its proposed minimum fund
raise target of GBP3.0 million (net of expenses) were on terms
unacceptable to the Board following a period of negotiation, and
have therefore been excluded from the placing. The Company remains
in discussions with other investors to raise GBP3.0 million (net of
expenses).
The Company, therefore, announces an extension to the Proposed
Placing, which will now remain open for orders to be submitted
until 5.00p.m. on 24 October 2019, however, the Board reserves the
right to close the Proposed Placing earlier if sufficient funds
have been raised. An announcement of the result of the Proposed
Placing will be made shortly thereafter.
A further announcement will be made in due course.
For further information on the Group, please contact:
Nektan
Jim Wilkinson, Non-executive Chairman
Gary Shaw, Executive Director and Interim CEO +44 203 478 2648
Shore Capital (Nominated Adviser, Joint Broker and Joint Bookrunner)
Tom Griffiths / David Coaten +44 20 7408 4050
-----------------
Whitman Howard (Joint Bookrunner)
Nick Lovering +44 20 7659 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 rns@lseg.com or visit www.rns.com.
END
MSCLLFIRIRLTLIA
(END) Dow Jones Newswires
October 18, 2019 12:10 ET (16:10 GMT)
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