Nektan PLC Issue of Equity (7940B)

TIDMNKTN

RNS Number : 7940B

Nektan PLC

15 January 2018

15 January 2018

NEKTAN PLC

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

Issue of equity following Convertible Loan Note conversion

Nektan plc (AIM: NKTN), a leading international B2B gaming solutions and services provider, confirms that it has received conversion notices to convert GBP780,000 in principal amount of Series A Fixed Rate Secured Loan Notes 2020 at a conversion price of 26.25p. Application has been made for 2,971,428 new ordinary shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective, and dealings will commence at 8.00 a.m. on 18 January 2018.

The 2,971,428 new ordinary shares will on Admission rank pari passu in all respects with the existing ordinary share capital of the Company.

Following Admission, the Company's enlarged issued share capital will comprise 47,412,602 ordinary shares, with voting rights. The Company does not hold any ordinary shares in treasury, therefore the total number of ordinary shares in the Company with voting rights will be 47,412,602. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Following conversion, GBP8,125,000 Series A and GBP1,100,000 of Series B Fixed Rate Secured Loan Notes 2020 remain unconverted.

For further information on the Group, please contact:

 
Nektan                                via Newgate below 
 Gary Shaw, Interim Chief Executive 
 Officer 
 Patrick Sinclair, Chief Financial 
 Officer 
Stockdale Securities Limited 
 Tom Griffiths / Ed Thomas            [phone] 
 
  Newgate (PR Adviser)                  [phone] / + 44 7747 113 
  James Benjamin                        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, 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.

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This information is provided by RNS

The company news service from the London Stock Exchange

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January 15, 2018 02:00 ET (07:00 GMT)