2 Feb 2015 07:00
2 February 2015
Nektan plc
('Nektan', 'the Company' or 'the Group')
Investor Teach-In and Trading Update
Nektan, the international B2B mobile gaming platform provider, announces that it will be holding an investor teach-in event on Tuesday 3 February 2015.
The event will be held at the offices of Panmure Gordon, One New Change, London EC4M 9AF, from 3.30 p.m. and will be hosted by Nektan's senior management team. An overview of recent commercial and strategic developments will be presented, including the significant in-venue mobile gaming opportunity through the launch of Nektan's US joint venture agreement with Spin Games LLC, as announced on 17 November 2014. Nektan will also run an interactive product demonstration.
Since the admission of the Company's shares to trading on AIM on 3 November 2014, the Directors have been encouraged by the continued development of the commercial pipeline, particularly with regards to larger opportunities, including the US joint venture, and this has resulted in the Company focussing the majority of its existing resources on these larger opportunities. The Board expects these projects to significantly underpin the material increase in trading as forecast during calendar year 2015.
In advance of the teach-in event, Nektan provides an update on trading for the six month period to 31 December 2014. Trading for this period has been in line with the Board's expectations, with net gaming revenue of approximately £0.25m. Real money gaming cash stakes grew by more than 57% in the quarter to December 2014 versus the previous quarter, and average monthly real money players grew by 237% over the same period.
Other than the trading update given above, no new material information, financial or otherwise, will be disclosed at Tuesday's event. The teach-in presentation slides will be available on the investor section of the Company's website (www.nektan.com) following completion of the event on Tuesday.
For additional details and registration for the teach-in, please contact Jessica Norton at Panmure Gordon at the following email: jessica.norton@panmure.com.
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Enquiries:
Nektan Gary Shaw, Executive Chairman David Gosen, Chief Executive Officer | Tel: Via Hudson Sandler +44 (0)20 7796 4133 |
Panmure Gordon (Nominated Adviser and Corporate Broker) Corporate Finance: Andrew Godber / Atholl Tweedie / Duncan Monteith Corporate Broking: Charles Leigh-Pemberton | Tel: +44 (0)20 7886 2500 |
Hudson Sandler (Financial PR) Nick Lyon / Alex Brennan | Tel: +44 (0)20 7796 4133 |
About Nektan
Nektan, the international B2B mobile gaming platform provider, is a developer and operator of mobile games in the regulated, interactive RMG and freemium gaming space, delivering white label implementations to large commercial organisations that have established online audiences.
Formed in 2011, Nektan operates under a full Remote Gambling Licence issued by the Gibraltar Licensing Authority and maintains sales and customer support operations in its two primary geographical targets, Europe and North America, from offices in Gibraltar, London and Las Vegas.
The Group has developed a full end-to-end platform, Evolve, which is focussed on supporting mobile gaming. Nektan's white label platform simplifies the route to mobile gaming revenues for its target commercial entities: managing the full customer experience and back-office operations, allowing the partner solely to focus on marketing the product to its consumers.
www.nektan.com