Veltyco Group PLC Secondary Frankfurt Listing & Director Dealing (5521B)
11 January 2018 - 6:00PM
UK Regulatory
TIDMVLTY
RNS Number : 5521B
Veltyco Group PLC
11 January 2018
11 January 2018
Veltyco Group plc
("Veltyco", the "Company" and, together with its subsidiaries,
the "Group")
Secondary Frankfurt Listing & Director Dealing
Veltyco Group Plc (AIM:VLTY) is pleased to announce that in
response to investor demand from Germany, MWB Fairtrade
Wertpapierhandelsbank AG ("mwb"), a German securities broker, has
successfully applied for a secondary listing of Veltyco's ordinary
shares of no par value ("Ordinary Shares") to start trading on the
Quotation Board Segment of the Open Market of the Frankfurt Stock
Exchange ("FSE"), also known as the Regulated Unofficial Market of
the FSE, or Freiverkehr. Accordingly, the Ordinary Shares have been
admitted to trading on the FSE under the symbol 24GN.
The entire issued ordinary share capital of the Company will
continue to trade on the AIM market of the London Stock Exchange
under the symbol VLTY.
In order to satisfy investor demand in Germany, the Company's
main shareholder, Lensing Management Services Ltd ("Lensing"), a
company indirectly owned and controlled by Mr. Lenhoff, has sold 2
million Ordinary Shares to a German institutional investor for a
total gross consideration of EUR1.8 million. Following this sale,
Lensing is interested in 24,252,265 Ordinary Shares, representing
approximately 32.6 per cent. of the Company's issued share capital,
and hereby reaffirms its commitment to support the further
development of the Company in the future.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
PDMR Notification Forms:
The notifications below are made in accordance with the
requirements of Market Abuse Regulation:
1. Details of the person discharging managerial
responsibilities / person closely associated
--- ------------------------------------------------------------------
a) Name K. Lenhoff
--- ------------------------------- ---------------------------------
2. Reason for the Notification
--- ------------------------------------------------------------------
a) Position/status Director
--- ------------------------------- ---------------------------------
b) Initial notification/amendment Initial notification
--- ------------------------------- ---------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- ------------------------------------------------------------------
a) Name Veltyco Group plc
--- ------------------------------- ---------------------------------
b) LEI 2138007KWLZHV5I1A979
--- ------------------------------- ---------------------------------
4. Details of the transaction(s):section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- ------------------------------------------------------------------
a) Description of the Ordinary shares of no par
Financial instrument, value each in the share capital
type of instrument of Veltyco Group plc
--- ------------------------------- ---------------------------------
Identification code IM00BYT32K14
--- ------------------------------- ---------------------------------
b) Nature of the Transaction Sale of ordinary shares
--- ------------------------------- ---------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
EUR0.90 2,000,000
--------- ----------
--- ------------------------------- ---------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume
Price
--- ------------------------------- ---------------------------------
e) Date of the transaction 10 January 2018
--- ------------------------------- ---------------------------------
f) Place of the transaction London Stock Exchange, AIM
Market (XLON)
Frankfurt Stock Exchange
--- ------------------------------- ---------------------------------
For further information, please contact:
Veltyco +44 (0)16 2460 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
Strand Hanson Limited
(Nominated Adviser) +44 (0)20 7409 3494
James Harris
Richard Tulloch
James Dance
Whitman Howard Ltd (Broker) +44 (0)207 659 1234
Francis North - Corporate
Broking
Nick Lovering - Corporate
Broking
IFC Advisory (Financial
PR) +44 (0)203 934 6630
Graham Herring
Miles Nolan
About Veltyco
Veltyco is a group of companies primarily focused on generating
marketing leads and entering into marketing contracts for the
activities of various partners in the gaming industry. Veltyco
focuses on complementary activities under one umbrella, leveraging
its historical cash generative activities of marketing online
casinos and sports betting.
Website: www.veltyco.com
About mwb
mwb is a German securities broker and manages more than 24,000
order books for German and international securities. These include
equities, fixed income securities and open-ended investment funds.
This places mwb amongst the top five order book management firms in
Germany - making it a vital stabilising factor on the exchanges.
mwb specialists work at the Frankfurt, Munich, Hamburg, Hanover and
Berlin Stock Exchanges as well as the Tradegate Exchange.
Furthermore, mwb offers institutional execution services as well as
capital markets services.
Website: www.mwbfairtrade.com/home/
This information is provided by RNS
The company news service from the London Stock Exchange
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