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Share Name Share Symbol Market Type Share ISIN Share Description
Ganapati Plc NEX:GANP NEX Ordinary Share GB00BYTQ4P91
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 3.00 1.00 5.00 3.00 3.00 3.00 0.00 07:56:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Ganapati plc Endorsement Agreement with Usain Bolt

15/01/2020 10:38am

UK Regulatory (RNS & others)


 
TIDMGANP 
 
15 January 2020 
 
                                 Ganapati Plc 
                         ("Ganapati" or "the Company") 
 
      Trading Update signing of an Endorsement Agreement with Usain Bolt 
 
The Directors wish to inform shareholders of the following commercial 
development: 
 
Ganapati Plc, the international developer and supplier of iGaming software and 
services, is pleased to announce that its wholly-owned subsidiary company 
Ganapati (Malta) Limited ("Ganapati (Malta)") has signed an endorsement 
agreement ("Endorsement Agreement") with Welljen Limited, which holds the 
worldwide rights to license Usain Bolt's services and image rights ("Usain 
Bolt"). 
 
 
The Endorsement Agreement with Usain Bolt continues the Company's strategy of 
collaborating with major players in the sports industry and they have joined 
forces to create the very first official Usain Bolt online slot game (the "Slot 
Game"), which will be launched this summer. 
 
The Company's development team will work closely with Usain Bolt in order to 
create a Slot Game which accurately reflects his love of sport-themed games 
whilst incorporating entertainment-focused elements. 
 
In preparation for the Slot Game's launch, Usain Bolt will join Ganapati at the 
iGaming industry's biggest event of the year, ICE London, held at ExCel London 
in February. The Slot Game's launch later this year is expected to coincide 
with the opening of the Tokyo Olympics. 
 
The Endorsement Agreement sets out a series of fees for the rights to use the 
Usain Bolt brand for Ganapati's Slot Game which includes initial payments for 
the image rights to develop the Slot Game and a share of future revenues. The 
Endorsement Agreement is for an initial period of two years and is renewable, 
subject to certain conditions for a further three years to 31 January 2025. 
 
Juliet Adelstein, Company Director and CEO of Ganapati Malta said: "This 
collaboration with Usain Bolt, as well as the Company's production of the 
official Manny Pacquiao slot game last year, underlines Ganapati's goal of 
being recognised as a developer of slot games with globally recognised players 
in the sports industry by effectively implementing strategic sport sponsorship 
and brand opportunities within its games." 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Ganapati Plc for the purchase or sale of any 
securities, nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The Directors of Ganapati Plc accept responsibility for this announcement 
 
CORPORATE ADVISER AND CONTACT DETAILS: 
 
Ganapati Plc 
Tony Drury 
Chairman 
Telephone: 07973 737284 
 
NEX EXCHANGE CORPORATE ADVISER: 
 
Alexander David Securities Limited 
David Scott - Corporate Finance 
James Dewhurst - Corporate Broking 
Telephone: +44 (0) 20 7448 9820 
http://www.ad-securities.com 
 
 
 
END 
 

(END) Dow Jones Newswires

January 15, 2020 05:38 ET (10:38 GMT)

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