23 May 2017
("Nektan", the "Company" or the "Group")
Issue of equity
Nektan plc (AIM: NKTN), a leading international B2B gaming solutions and services provider, confirms that it has received a notice of exercise to convert £450,000 in principal amount of Series A Fixed Rate Secured Loan Notes 2020. The conversion price is 34.375p and therefore application has been made for 1,309,091 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 30 May 2017.
The 1,309,091 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 36,035,292 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 36,035,292. 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.
For further information on the Group, please contact:
Leigh Nissim, Chief Executive Officer
Patrick Sinclair, Chief Financial Officer
via Newgate below
Stockdale Securities Limited
Tom Griffiths / Ed Thomas
+44 20 7601 6100
Newgate (PR Adviser)
+44 20 7680 6550 / + 44 7747 113 930
Further information on Nektan can be found on the Group's website at www.nektan.com
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 Respin LLC, in partnership with Spin Games, 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™ (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.