Nektan PLC Issue of Equity (7940B)
15 January 2018 - 6:00PM
UK Regulatory
TIDMNKTN
RNS Number : 7940B
Nektan PLC
15 January 2018
15 January 2018
NEKTAN PLC
("Nektan", the "Company" or the "Group")
Issue of equity following Convertible Loan Note conversion
Nektan plc (AIM: NKTN), a leading international B2B gaming
solutions and services provider, confirms that it has received
conversion notices to convert GBP780,000 in principal amount of
Series A Fixed Rate Secured Loan Notes 2020 at a conversion price
of 26.25p. Application has been made for 2,971,428 new ordinary
shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective, and dealings will
commence at 8.00 a.m. on 18 January 2018.
The 2,971,428 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 47,412,602 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 47,412,602. 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.
Following conversion, GBP8,125,000 Series A and GBP1,100,000 of
Series B Fixed Rate Secured Loan Notes 2020 remain unconverted.
For further information on the Group, please contact:
Nektan via Newgate below
Gary Shaw, Interim Chief Executive
Officer
Patrick Sinclair, Chief Financial
Officer
Stockdale Securities Limited
Tom Griffiths / Ed Thomas +44 20 7601 6100
Newgate (PR Adviser) +44 20 7680 6550 / + 44 7747 113
James Benjamin 930
Email: nektan@newgatecomms.com
Further information on Nektan can be found on the Group's
website at www.nektan.com
About Nektan:
Nektan is a leading international B2B mobile gaming solutions
and services provider, operating in the regulated, interactive real
money gaming (RMG) gaming 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(TM)
(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 its two primary geographical targets, 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.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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