Nektan PLC Directorate Change (4808H)

TIDMNKTN

RNS Number : 4808H

Nektan PLC

08 June 2017

8 June 2017

NEKTAN PLC

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

Directorate change

Nektan plc (AIM: NKTN.L), a leading international B2B mobile gaming solutions and services provider, today announces that Leigh Nissim has resigned as Chief Executive Officer to take up a new role, starting in September 2017. Leigh will remain with the business until August 2017 to ensure an orderly handover. The Board has started the search for a permanent replacement and, in the interim, Gary Shaw, founder and former Chief Executive of the Company, will assume the role of Interim Chief Executive Officer.

During his time as Chief Executive Officer, Leigh has made a valuable contribution to the business, helped to build a strong leadership team and has successfully focused the strategy on transitioning the Company to an international gaming solutions and services provider from a white label operator. The Group is continuing to make good progress in its three principal business areas which are powered by its proprietary technology platform, Evolve: Managed Solutions (Europe), B2B Software & Games Licensing (Europe) and In Venue Gaming (North America).

The Company's trading continues to improve and the Board expects to report positive quarter-on-quarter growth in the final quarter of the Company's financial year to 30 June 2017. In addition, the Company is in advanced discussions in respect of its funding, the details of which it expects to announce in due course.

Jim Wilkinson, Chairman of Nektan, said

"On behalf of the Board, I would like to thank Leigh for his contribution and accomplishments during his time with Nektan and wish him well in his new role."

For further information on the Group, please contact:

 
Nektan                                       via Newgate below 
 Jim Wilkinson, Chairman 
 Patrick Sinclair, Chief Financial Officer 
Stockdale Securities Limited 
 Tom Griffiths / Ed Thomas                   [phone] 
 
  Newgate (PR Adviser)                         [phone] / 
  James Benjamin                               + 44 7747 113 930 
                                               Email: [e-mail] 
 

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

About Nektan:

Nektan is a leading international B2B mobile gaming solutions and services provider, operating in the regulated, interactive real money gaming (RMG) gaming space, delivering original and innovative solutions to 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 on marketing the product to their consumers.

Nektan's US operating subsidiary Respin LLC, in partnership with Spin Games, provides US land-based casinos with in-venue mobile gaming solutions which allow operators to add mobile technology and content to their existing offerings, with products accessible to players across both cabinets and mobile devices inside the casinos. Respin has a strong intellectual property portfolio including game patents for Rapid Games(TM) (on-property mobile entertainment), and other captivating concepts and brands.

Nektan is headquartered in Gibraltar, regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market and maintains sales and customer support operations in its two primary geographical targets, Europe and North America. The proprietary Evolve technology is developed and maintained by a talented and experienced team of employees from Nektan's Indian office.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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June 08, 2017 02:00 ET (06:00 GMT)