Nektan PLC Directorate Change (9275I)

TIDMNKTN

RNS Number : 9275I

Nektan PLC

13 August 2019

13 August 2019

NEKTAN PLC

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

Directorate change

Nektan plc (AIM: NKTN), the fast growing, award-winning international gaming technology platform and services provider, announces that Lucy Buckley, the Company's Chief Executive Officer, has resigned with immediate effect. Lucy will remain available to the Board for a period of time to enable a smooth transition to a new leadership structure, for which the Board has commenced a review. The Group expects to make a further announcement in due course. Gary Shaw, Founder and Executive Director of Nektan, has assumed the role of Interim CEO, in addition to his existing responsibilities for international expansion.

"As part of the recent restructuring of the business, now is the right moment for me to step away from the role of CEO. The business has a solid foundation of proprietary technology and a fast-growing B2B business that will help it capitalise on the many global opportunities ahead" said Lucy Buckley.

Gary Shaw, Founder and Executive Director of Nektan, commented: "On behalf of the Board, I would like to thank Lucy for her stewardship during a period of industry change and challenges in the UK market. The Company remains confident that its sales pipeline has the scope to drive significant revenue growth in both the B2C and B2B divisions."

ENDS

For further information on the Group, please contact:

 
 Nektan 
  Gary Shaw, Executive Director                        [phone] 
 
 Shore Capital (Nominated Adviser and Joint Broker) 
  Tom Griffiths / David Coaten                         [phone] 
                                                      ----------------- 
 
 Smaller Company Capital Limited (Joint Broker) 
  Rupert Williams / Jeremy Woodgate                    [phone] 
                                                      ----------------- 
 
 

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.

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August 13, 2019 11:41 ET (15:41 GMT)