8 Jan 2019 12:15
8 January 2019
NEKTAN PLC
("Nektan", the "Company" or the "Group")
Issue of equity
Nektan plc (AIM: NKTN), the fast growing international gaming technology platform and services provider, announces that it has received notices to exercise warrants over a total of 153,271 new ordinary shares of 1 pence each in the Company ("New Ordinary Shares"), of which: 104,500 warrants are exercisable at 81.75 pence per share; 38,000 warrants are exercisable at a price of 27.5 pence per share; and 10,771 warrants are exercisable at a price of 21.0 pence per share.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") which is expected to become effective, and dealings will commence at 8.00 a.m. on 10 January 2019.
The 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 47,565,873 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 47,565,873. 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.
For further information on the Group, please contact:
Nektan Lucy Buckley, Chief Executive Officer Gary Shaw, Executive Officer
| +44 20 3463 8735
|
Stockdale Securities Limited Tom Griffiths / Ed Thomas | +44 20 7601 6100 |
Nominis Advisory (PR Adviser) Angus Campbell |
+44 7 881 625 098 Email: angus@nominis.co |
Further information on Nektan can be found on the Group's website at www.nektan.com
About Nektan:
Nektan is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) 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 (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 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.