TIDMNKTN

RNS Number : 5826O

Nektan PLC

02 October 2019

2 October 2019

NEKTAN PLC

("Nektan", the "Company" or the "Group")

Placing Update

Further to the Company's announcements of 18 September 2019 and 25 September 2019, Nektan plc (AIM: NKTN), the fast-growing international gaming technology platform and services provider, announces an extension to the Proposed Placing, which will now remain open for orders to be submitted until 5.00p.m. on 9 October 2019. An announcement of the result of the Proposed Placing will be made shortly thereafter.

A further announcement will be made in due course.

For further information on the Group, please contact:

 
 Nektan 
  Jim Wilkinson, Non-executive Chairman 
  Gary Shaw, Executive Director and Interim CEO                          +44 203 478 2648 
 
 Shore Capital (Nominated Adviser, Joint Broker and Joint Bookrunner) 
  Tom Griffiths / David Coaten                                           +44 20 7408 4050 
                                                                        ----------------- 
 
 Whitman Howard (Joint Bookrunner) 
  Nick Lovering                                                          +44 20 7659 1234 
                                                                        -----------------

Further information on Nektan can be found on the Group's website at www.nektan.com.

About Nektan:

Nektan is a fast growing, international gaming technology and services provider, specialising in mobile casino. It licenses its proprietary technology to leading operators, including BetVictor, and provides end-to-end technology and white label casino services for leading brands, including News International's The Sun Play.

Nektan's full end-to-end technology platform, Evolve, enables the management of the full customer experience and back-office operations, allowing partners to focus on marketing the product to their consumers.

The E-Lite platform is Nektan's B2B gaming content aggregator and bonusing platform that delivers a wide range of premium content from the world's leading game studios. It is an easily-integrated add on module for operators, giving them an array of options and flexibility on how they manage and distribute a breadth of premium gaming content across their networks.

Nektan has a material stake in US-based interactive gaming operator Rapid Games, which provides US land-based casinos with an in-venue mobile gaming solution. It allows operators to add mobile technology and content making products accessible to players across both cabinets and mobile devices inside casinos.

Headquartered in Gibraltar, Nektan is regulated by the Gibraltar Licensing Authority, the UK Gambling Commission and the Information Commissioners Office. As a socially responsible license holder, Nektan endeavours to deliver a safe, secure and robust player gaming experience.

Nektan plc was admitted to the AIM market of the London Stock Exchange in November 2014.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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(END) Dow Jones Newswires

October 02, 2019 12:30 ET (16:30 GMT)

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