22 May 2015 14:00
22 May 2015
Nektan plc
("Nektan", the "Company" or the "Group")
Result of General Meeting
On 28 April 2015, Nektan plc (AIM: NKTN), the leading international B2B mobile gaming content developer and platform provider, announced a new financing package totalling £7.1 million, and that, in order to satisfy additional demand from existing and new institutional and private investors to raise further funds, the Company intended to increase its authority to issue and allot equity securities for cash on a non-pre-emptive basis up to an aggregate nominal value equal to one tenth of the share capital of the Company at a general meeting of the Company (the "Fundraising Over-Allotment").
The Company announces that all resolutions were duly passed at the general meeting of the Company, held earlier today, to provide such approval for the Fundraising Over-Allotment.
Nektan David Gosen, Chief Executive Officer
| via Newgate below
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Panmure Gordon (Nominated Adviser & Broker) Andrew Godber Charles Leigh-Pemberton
| Tel: +44 (0)20 7886 2500
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Newgate (PR Adviser) James Benjamin Andre Hamlyn Ed Treadwell
| Tel: +44 (0)20 7680 6550 Em: nektan@newgatecomms.com |
For further information on the Company, please contact:
Further information on Nektan can be found on the Company's website at www.nektan.com
About Nektan:
Nektan is the leading international B2B mobile gaming content developer and platform provider. The Company 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. In 2015, Nektan has announced a number of major white label gaming partnerships to date, including:
· A partnership with News UK to launch Sun Play, an innovative new gaming product for The Sun newspaper in the UK
· A real money gaming agreement with established casino brand 'Kerching'
· A partnership with Channel 4 to launch a freemium bingo game branded with the popular award-winning television programme 'Come Dine With Me'
· An agreement with Independent News & Media to develop and operate a multi-platform real money casino in Ireland
Nektan also operates a joint venture, ReSpin, 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. Eighteen land-based casinos have currently contracted or signed letters of intent for delivery of in-venue mobile enabled gaming during 2015.
Nektan is regulated by the Gibraltar Licensing Authority and has offices in Gibraltar, London and Las Vegas.