Veltyco Group PLC Response to ESMA announcement (3219J)
29 March 2018 - 5:00PM
UK Regulatory
TIDMVLTY
RNS Number : 3219J
Veltyco Group PLC
29 March 2018
29 March 2018
Veltyco Group PLC
("Veltyco" or "the Company")
Response to ESMA announcement
Veltyco Group PLC (AIM: VLTY), the online marketing and operator
company for the gaming industry, notes the recent announcements by
the Financial Conduct Authority and the European Securities and
Markets Authority ("ESMA") in which they outlined the regulatory
changes ESMA proposes in order to prohibit the provision of binary
options and to restrict the provision of Contracts for Difference
("CFDs") in order to protect retail clients within the EU,
initially on a temporary basis.
The Company confirms that none of the operators for whom Veltyco
undertakes marketing activities offer a binary option product, as
such products have previously been withdrawn in anticipation of
such regulatory changes. Furthermore, the operators have confirmed
to the Company that they are operating in line with the
restrictions proposed by ESMA on CFD trading. Accordingly, the
Board believes that the regulatory changes will have no impact on
Veltyco's overall operations and results.
The Company is pleased to confirm that trading for the current
financial year remains in line with market expectations.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Veltyco Group Plc +44 (0)1624 605 764
Gilles Ohana, Non-executive 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)20 7659 1234
Francis North / Nick Lovering
IFC Advisory (Financial PR & IR) +44 (0)20 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
About Veltyco
Veltyco is a group of companies focused on generating marketing
leads and entering into marketing contracts for the activities of
various partners in the gaming industry as well as operating its
own brands. 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
This information is provided by RNS
The company news service from the London Stock Exchange
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