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RNS Number : 7278L

Veltyco Group PLC

21 July 2017

21 July 2017

Veltyco Group PLC

("Veltyco" or "the Company")

Exercise of warrants and share issue

Veltyco Group plc (AIM: VLTY), the online marketing company for the gaming industry, announces that it has received an exercise notice for the exercise of 733,521 warrants over ordinary shares of no par value in the capital of the Company ("Ordinary Shares"), which were granted on 30 June 2016, at an exercise price of 31p per share.

The Company further announces that it has satisfied an invoice for services of GBP143,870 by the issue and allotment of 191,827 new ordinary shares of no par value in the Company (the "Conversion Shares") at a price of 75p per conversion share.

Total Voting Rights

Application has been made for admission of 925,348 new Ordinary Shares to trading on AIM ("Admission") and it is expected that Admission will take place at 8.00 a.m. on 26 July 2017. Following Admission, there will be a total of 74,156,159 Ordinary Shares in issue. Shareholders should therefore use the figure of 74,156,159 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 FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

 
                                +44 (0)16 2460 
 Veltyco                         5764 
 David Mathewson, Chairman 
  Marcel Noordeloos, CFO 
 Northland Capital Partners     +44 (0)20 3861 
  Ltd                            6625 
 Tom Price 
  Margarita Mitropoulou 
                                +44 (0)203 053 
 IFC Advisory (Financial PR)     8671 
 Graham Herring 
  Tim Metcalfe 
  Miles Nolan 
 

About Veltyco

Veltyco is a group of companies primarily focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting. The introduction of Bet 90 further augments the group's plans for expansion, particularly in new territories.

Website: http://www.veltyco.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 21, 2017 03:07 ET (07:07 GMT)