Nektan PLC Issue of Equity (6701D)

TIDMNKTN

RNS Number : 6701D

Nektan PLC

27 June 2019

27 June 2019

NEKTAN PLC

("Nektan", or the "Company")

Issue of Equity

Further to its announcement dated 26 April 2019 and its circular sent to shareholders dated 11 January 2019 ("Circular"), the Company announces that application has been made for 1,333,334 new ordinary shares (the "Deferred Settlement Shares"), which form part of the Placing, to be admitted to trading on AIM.

Admission of the Deferred Settlement Shares to trading on AIM and dealings are expected to commence at 8.00 a.m. on 28 June 2019 ("Admission").

The 1,333,334 Deferred Settlement 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 111,851,602 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 111,851,602. 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 Guidance and Transparency Rules.

All capitalised terms in this announcement, unless otherwise defined, are as set out in the Circular.

For further information on the Group, please contact:

 
 Nektan 
  Lucy Buckley, Chief Executive Officer 
  Gary Shaw, Executive Officer                                        [phone] 
 
 Stockdale Securities Limited (Nominated Adviser and Joint Broker) 
  Tom Griffiths / David Coaten                                        [phone] 
                                                                     ------------------------- 
 
 Smaller Company Capital Limited (Joint Broker) 
  Rupert Williams / Jeremy Woodgate                                   [phone] 
                                                                     ------------------------- 
 
 Nominis Advisory (PR Adviser)                                        [phone] 
  Angus Campbell                                                       Email: [e-mail] 
                                                                     ------------------------- 
 
 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 27, 2019 06:23 ET (10:23 GMT)