29 Mar 2016 17:06
Nektan plc ("Nektan" or the "Company")
Result of EGM and update on fundraising
Further to the announcement of 7 March 2016 relating to its proposed fundraising, the Board of Nektan announces that all resolutions put to shareholders at today's Extraordinary General Meeting were passed unanimously.
Following the passing of the Resolutions, and further to the announcement of the proposed fundraising dated 7 March 2016, the Company can report that it received valid subscriptions for the full £2.93m pursuant to the Subscriptions and Offer.
An application has been made for the admission of the 358,024 Subscription Shares to trading on AIM ("Admission") and it is expected that such Admission will become effective and that dealings will commence at 8.00am on Monday 4 April. Following Admission, the Company's enlarged issued ordinary share capital will comprise 24,102,588 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure of 24,102,588 Ordinary Shares 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 Financial Conduct Authority's Disclosure and Transparency Rules.
For further information on the Group, please contact:
Nektan | |
Gary Shaw, Acting Chief Executive Officer | E: investors@nektan.com |
Zeus Capital Limited (Nominated Adviser & Broker) | Tel: +44 (0)20 3829 5000 |
Nicholas How (Corporate Finance) | |
Adam Pollock (Corporate Broking) |
About Nektan:
Nektan is a leading international B2B mobile gaming content developer and platform provider. The Group designs, builds and operates mobile games in the regulated, interactive real money gaming ("RMG") and freemium gaming space, delivering original and innovative content to large 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 solely on marketing the product to their consumers.
Nektan also operates a joint venture, Respin LLC, with Spin Games LLC that provides US land-based casinos with in-venue mobile technology and an innovative way of increasing revenue from end-of-life cabinets whilst providing players new and innovative content to play, which includes functionality on mobile devices.
Nektan is regulated by the Gibraltar Licensing Authority and the UK Gambling Commission, as well as in the Irish market, and has offices in Gibraltar, London and Las Vegas with Respin based in Reno, Nevada.