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Readmission and First Day of Dealings

30 Jun 2016 07:00

RNS Number : 6937C
Veltyco Group PLC
30 June 2016
 

30 June 2016

 

Veltyco Group PLC

("Veltyco" or "the Group")

 

Readmission and First Day of Dealings

 

Veltyco Group plc (AIM:VLTY), a profitable and cash generative marketing company for online gaming, lottery and binary option businesses, is pleased to announce the re-admission today of its ordinary shares to trading on the AIM Market of the London Stock Exchange and the commencement of dealings in its ordinary shares under the ticker VLTY.

 

Stockdale Securities is acting as Nominated Advisor and Broker to the company.

 

SUMMARY

 

· Change of name to Veltyco Group plc (formerly Velox3 plc)

· The Company raised £0.54 million before expenses by way of a Subscription of 2,152,172 Subscription shares at a price of 25 pence per Subscription Share.

· Following a consolidation of the share capital in which each holder of every 25 or more Existing Ordinary Shares will be entitled to receive one Ordinary Share, the Company will have, on re-admission, 56,059,269 ordinary shares in issue.

· The market capitalisation of Veltyco on Admission at the subscription price is £14 million.

· The net proceeds of the Subscription will be used to support the working capital needs of the Enlarged Group and to continue the Enlarged Group's marketing activities in gaming, lottery and binary options.

 

 

INVESTMENT HIGHLIGHTS

 

· The Group has acquired the entire issued share capital of Sheltyco Enterprises Group Limited (founded in 2011) which specialises in marketing and promotion activities in three fast growing markets:

o Online gaming (Betsafe - online casino and sports betting)

o Lottery (Lottopalace)

o Binary options (Option888)

· Profitable and cash generative since 2013.

· Following Admission, the Enlarged Group will also review potential acquisition opportunities which fit into the company's profile.

· The Directors intend to declare dividend payments as soon as it becomes commercially prudent to do so.

 

The company's admission document can be found at: www.veltyco.com

 

Capitalised terms used in this announcement but not defined have the same meaning as defined in the circular and admission document posted to shareholders on 9 June 2016.

 

Commenting on the announcement David Mathewson, Chairman, said:

"I am delighted that the acquisition of Sheltyco has been completed and the Board now looks forward to growing our exciting niche businesses and to developing new and additional revenue streams. The Board will also review potential acquisition opportunities which fit into the Group's profile as part of our overall strategy for growth."

 

 

For further information please contact:

 

Veltyco

+ 44 (0)16 2464 7979

David Mathewson, Chairman

Marcel Noordeloos, CFO

 

Stockdale Securities

+44 (0)20 7601 6100

Antonio Bossi

David Coaten

 

Newgate Communications

+44 (0)20 7653 9850

Adam Lloyd

Helena Bogle

 

 

 

About Veltyco

 

Veltyco is a holding company primarily focused on generating marketing leads and entering into marketing contracts for the activities of its partners in sports betting, casinos, poker games, lottery and binary options, such as Betsafe (online casino and sports betting), Lottopalace (lottery) and Option888 (binary options). Veltyco focuses on all of these three complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.

 

Incorporated in The British Virgin Islands in November 2011 under the name of Pollard Marketing Ltd and initially focussed on marketing activities in gaming and sports betting. The Group has been profitable since 2013 and began marketing its lottery and binary option operations in 2016.

 

Following Admission

 

The Directors consider the Admission to be an important step in the Group's development, that will enhance its profile and standing in its existing markets and will assist with the growth of its business into new markets. The proceeds from the Subscription will allow Veltyco to pursue its strategic objectives; including the further development of its marketing activities in gaming, lottery and binary options. In addition, broadening the Group's shareholder base through Admission gives the Group an increased capacity, if required, to raise further capital to support future opportunities.

 

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
LISLLFSSREIAFIR
Date   Source Headline
22nd Sep 20167:00 amRNSNew Marketing Agreement and Issue of Equity
2nd Sep 20167:00 amRNSCompletion of Second Subscription
4th Jul 20164:40 pmRNSSecond Price Monitoring Extn
4th Jul 20164:35 pmRNSPrice Monitoring Extension
1st Jul 20167:00 amRNSGrant of Options and Director Dealing
30th Jun 20167:00 amRNSReadmission and First Day of Dealings
27th Jun 20163:04 pmRNSResult of AGM, EGM and Consolidation of Shares
17th Jun 201611:26 amRNSAcquisition Timetable - Update
16th Jun 20169:10 amRNSSchedule 1 - Veltyco Group Plc
9th Jun 20164:55 pmRNSNotice of AGM
9th Jun 20167:00 amRNSProposed Acquisition and Change of Name
1st Jun 20167:00 amRNSFinal Results
6th Jan 201610:18 amRNSChange of name of Nominated Adviser and Broker
7th Dec 20157:30 amRNSSuspension - Velox3 Plc
16th Nov 20157:00 amRNSUpdate on possible suspension
21st Oct 20157:00 amRNSDirectorate Change
30th Sep 20157:00 amRNSHalf Yearly Report
22nd Sep 20152:32 pmRNSResult of AGM
7th Sep 20152:43 pmRNSPosting of Notice of AGM
1st Jul 20157:00 amRNSDirectors dealing and issue of shares
30th Jun 20153:35 pmRNSFinal Results
23rd Apr 20154:40 pmRNSSecond Price Monitoring Extn
23rd Apr 20154:35 pmRNSPrice Monitoring Extension
22nd Apr 201512:48 pmRNSDirectorate Change
27th Mar 20154:37 pmRNSChange of Name
26th Mar 20154:40 pmRNSSecond Price Monitoring Extn
26th Mar 20154:35 pmRNSPrice Monitoring Extension
9th Mar 201511:49 amRNSResult of EGM
16th Feb 20157:30 amRNSRestoration - 24/7 Gaming Group Hldgs Plc
16th Feb 20157:00 amRNSLifting of Suspension
4th Dec 20147:00 amRNSUpdate on suspension
30th Sep 20147:00 amRNSInterim Results to 30 June 2014
3rd Sep 20147:30 amRNSSuspension - 24/7 Gaming Group Holdings Plc
3rd Sep 20147:00 amRNSIssue of Equity
11th Jul 20147:00 amRNSConversion of loans and issue of equity
25th Jun 201412:06 pmRNSResult of AGM
9th Jun 20147:00 amRNSAGM notice and annual report
19th May 20147:00 amRNSFinal Results
19th Mar 20144:35 pmRNSPrice Monitoring Extension
19th Mar 20147:00 amRNSDirectorate Change
19th Feb 20149:21 amRNSFurther issue of equity and director deals
19th Feb 20147:00 amRNSEquity placing and conversion of certain outstandi
5th Feb 20147:00 amRNSDirectorate Change
17th Jan 20147:00 amRNSUpdate
17th Oct 20137:00 amRNSIncreasing number of UK winners
26th Sep 20137:00 amRNSHalf Yearly Report
31st Jul 20137:00 amRNSFirst Day of Dealings

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