Nektan PLC Directorate Change (5331Y)

TIDMNKTN

RNS Number : 5331Y

Nektan PLC

18 May 2016

18 May 2016

Nektan plc

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

Directorate Change

Nektan PLC (AIM: NKTN), a leading international, business-to-business technology platform and content provider for the gaming industry, today announces the appointment of Leigh Nissim as Chief Executive Officer of Nektan, taking over from Gary Shaw, who has been Interim CEO since January 2016. Gary will be appointed Director of Strategy, an Executive Board position, with effect from Leigh's formal start date in late July 2016.

With over 11 years of gaming industry experience, Leigh joins Nektan from International Game Technology PLC ("IGT") (NYSE: IGT), the global leader in gaming, where he has been the Commercial Director for the Interactive Business, responsible for the growth of the real money wagering business across multiple regulated markets in Europe and North America.

Leigh is currently transitioning from IGT and will be introduced to the Company in early June, with a formal start date in late July at which date he will also join the Board of Nektan.

Jim Wilkinson, Chairman of Nektan PLC, commented:

"We're delighted to be appointing someone of Leigh's calibre and experience to Nektan during this period of high growth and development. With his strong track record of successfully growing gambling businesses across our product verticals and within regulated markets, Leigh's appointment will help Nektan continue its growth momentum and capitalise on new distribution and product opportunities. The Board is confident that Leigh's digital and gaming pedigree, plus his financial background gained earlier in his career at Deloitte, will benefit the employees, customers and shareholders of Nektan as we enter the next chapter of our development.

As the Founder of Nektan, Gary has fulfilled a crucial role stepping in as Interim CEO over the last few months. As Director of Strategy, Gary will remain focused on adding value to the Company through his significant entrepreneurial skills, in particular helping to develop the considerable opportunities available to the Company in Europe and in the US through its joint venture Respin."

Mr Nissim does not currently hold any shares with voting rights in the Company, or any options over any of the share capital of the Company.

The following are Mr Nissim's current directorships and previous directorships in the last five years:

 
 Current directorships:     Previous directorships: 
-------------------------  ------------------------ 
 
 IGT Gibraltar Limited      Swiftstake SA 
-------------------------  ------------------------ 
 Workingmums Limited        WM Recruit Limited 
-------------------------  ------------------------ 
 JMAX Enterprises Limited 
-------------------------  ------------------------ 
 

There is no further information relating to Mr Nissim that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

For further information on the Group, please contact:

 
Nektan                                               via Newgate below 
 Gary Shaw 
 
  Zeus Capital Limited (Nominated Adviser & Broker)    Tel: [phone] 
  Nicholas How (Corporate Finance) 
  Adam Pollock (Corporate Broking) 
 
  Newgate (PR Adviser)                                 Tel: [phone] 
  James Benjamin                                       Em: [e-mail] 
  Alex Shilov 
  Lydia Thompson 
 

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

About Nektan:

Nektan is a leading international, business-to-business technology platform and content provider for the gaming industry. The Group designs, builds and operates mobile games in the regulated, interactive real money gaming space delivering original and innovative content to large commercial organisations that have established online audiences.

Nektan's full end-to-end technology platform, Evolve, simplifies and supports the route to mobile and desktop gaming revenues, managing the full customer experience and back-office operations, allowing commercial partners to focus solely on marketing the product to their consumers.

Nektan also operates a joint venture, Respin LLC, with Spin Games LLC that provides US land-based casinos with in-venue mobile technology and an innovative way of increasing revenue from end-of-life cabinets whilst providing players new and innovative content to play, which includes functionality on mobile devices.

Nektan is regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market, and has offices in Gibraltar, London and Las Vegas with Respin based in Reno, Nevada.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 18, 2016 02:01 ET (06:01 GMT)