TIDMNKTN
RNS Number : 5141X
Nektan PLC
19 December 2019
19 December 2019
NEKTAN PLC
("Nektan", the "Company" or the "Group")
Directorate Change
Nektan plc (AIM: NKTN), the fast-growing international gaming
technology platform and services provider, is pleased to announce
the appointment of Paul Hughes as a Non-Executive Director of the
Company with immediate effect.
Paul has extensive corporate banking and commercial experience,
with a focus on fundraising, the turnaround of loss-making
businesses, risk management and fast-growing private and public
companies. He also has extensive experience as a non-executive
director and chairman of a variety of private and public
companies.
Gary Shaw, Executive Director and Interim CEO of Nektan, said,
"I am delighted to welcome Paul to the Board during this pivotal
period for the Company and look forward to working with him in the
years ahead. The expertise he has built up in the growth company
sector will be extremely valuable for the business going
forward."
For further information on the Group, please contact:
Nektan
Jim Wilkinson, Non-Executive Chairman
Gary Shaw, Executive Director and Interim +44 203 478
CEO 2648
Shore Capital (Nominated Adviser and Broker) +44 207 408
Tom Griffiths / David Coaten 4050
------------
Novum Securities (Joint Broker) +44 207 399
Jon Belliss / Colin Rowbury 9425
------------
Regulatory disclosures (in accordance with Rule 17 and Schedule
Two paragraph (g) of the AIM Rules for Companies)
Paul Martyn Hughes, aged 61, is or has been during the last five
years, a director or partner of the following
companies/partnerships:
Current directorships/partnerships:
04288591 Limited
Deflux Holdings Limited
Deflux Limited
Fast2fibre Limited
Gwythermead Limited
Platform Social Gaming Limited
Sparkledun Limited
Taunton East Development Trust
Ultrarecycle Limited
Ultrasupport Services Limited
Ultratec (Holdings) Limited
Previous directorships/partnerships within the last 5 years:
Adventure Holdings Limited
Allen Group International Limited
Ash Homes (Taunton) Limited
BBH Corporate Limited
Concorde (London) Limited
Eaton Place LLP
Fast2fibre (Holdings) Limited
Oaksfield Limited
Prsmseg Limited
Queen's College Taunton Trustee Company Limited
Sidford Cross (Sidford) Limited
Ultratec Group Limited
Ultratec Refining & Recycling Limited
Visage (Aberdeen) Limited
Zugar Znap Group Limited
Zugar Znap Limited
Paul Hughes also makes the following disclosures in accordance
with Schedule Two paragraph (g) of the AIM Rules for Companies.
04288591 Limited (formerly known as Diamond Lifestyle Limited)
(Paul Hughes served as a non-executive director since 8 December
2006)
The company entered creditors voluntary liquidation on 22 July
2008. As per the liquidator's statement of receipts and payments
dated 5 February 2010, the total realisations of the company stood
at GBP80,244.62 while the total disbursements were mentioned as
GBP69,425.50. There were no preferential and unsecured debts. The
company was dissolved on 27 August 2010. On 29 September 2016, upon
an application by a creditor of the company at the High Court of
Justice Chancery Division Manchester District Registry, the company
was restored on Companies House. Furthermore, the court directed
that following the restoration, the company was to be deemed to be
in existence as if its name had not been struck off and the company
would continue in compulsory liquidation.
A. & H. Gadd Limited (Paul Hughes served as an executive
director from 1 April 1998 until 24 February 2012)
The company entered into administration on 10 December 2009
ceasing on 9 July 2010 when the company moved from administration
into creditors voluntary liquidation. The company was ultimately
dissolved on 26 February 2014. At the commencement of winding up,
the amount that was due to the unsecured creditors totalled
GBP469,536,200 and that due to preferential creditors was
GBP96,000.
Alchemy Animedic Limited (Paul Hughes served as a non-executive
director from 3 June 2002 until 13 May 2008)
On 19 April 2006, the company went into administration which
ended on 23 April 2007 when the company went into creditors
voluntary liquidation. The unsecured creditors of the company were
stated as nil and the company was dissolved on 13 May 2008.
Allen Group International Limited (Paul Hughes served as a
non-executive director from 2 November 2006 until 12 August
2015)
On 23 December 2009, the company entered into creditors
voluntary liquidation and was dissolved on 12 August 2015. At the
date of the commencement of winding up, the amount that was due to
the unsecured creditors totalled GBP502,229.44.
Ash Homes (Taunton) Limited (Paul Hughes served as a
non-executive director from 16 June 2000 until 24 October 2016)
On 15 December 2009, an administrative receiver was appointed
and acted until 31 August 2016. The company was dissolved on 27
June 2017.
Diamond Lifestyle Holdings Plc (Paul Hughes served as a
non-executive director from 20 April 2006 until 6 January 2009)
The winding up of the company commenced on 22 July 2008. The
unsecured debts totalled GBP263,650.85 from three creditors,
however, there were no funds to pay dividends. The company was then
dissolved on 25 December 2009 following creditors voluntary
liquidation.
Diamond PRC Solutions Limited (Paul Hughes served as a
non-executive director from 8 December 2006 until 6 February
2010)
The company entered creditors voluntary liquidation on 7 August
2008 and was dissolved on 6 February 2010. At the date of the
commencement of winding up, the amount that was due to the
unsecured creditors totalled GBP3,651.86.
Fast2fibre (Holdings) Limited (Paul Hughes served as a
non-executive director from 31 March 2015 until 18 April 2019)
The company entered administration on 2 January 2018 which
ceased on 20 December 2018 when the administrators gave notice to
move to dissolution. The company was dissolved on 18 April 2019.
There were seven unsecured creditors, including HMRC, with
estimated claims totalling GBP60,687.31. Due to insufficient asset
realisations and the cost of administration, no dividend was paid
to unsecured creditors.
Gadd Holdings Limited (Paul Hughes served as an executive
director from 2 February 2006 until 24 February 2012)
The company went into administration on 23 December 2009. The
administration ended on 21 June 2011 and the company then moved to
a compulsory liquidation. It was dissolved on 26 December 2014.
Gadd Homes Limited (Paul Hughes served as an executive director
from 20 July 1999 until 24 February 2012)
The company commenced creditors voluntary liquidation on 1 March
2010 and dissolved on 13 March 2013.
Oaksfield Limited (Paul Hughes served as a non-executive
director from 14 September 2006 until 23 June 2017)
The company began winding up on 6 September 2013 and was
dissolved following a compulsory liquidation on 23 June 2017. The
unsecured creditors' claims totalled GBP193,092.00 from four
creditors, however, the realisations were insufficient for a
dividend to be declared.
Peropa Limited (Paul Hughes served as a non-executive director
from 23 April 2001 until 3 February 2006)
On 2 May 2003, Peropa entered into creditors voluntary
liquidation and was dissolved on 3 February 2006. At the date of
commencement of winding up, the amount due to unsecured creditors
totalled GBP590,791.
Windlesham Limited (Paul Hughes served as a non-executive
director from 14 September 2001 until 3 August 2006)
The company was dissolved on 3 August 2006 following voluntary
creditors liquidation which commenced on 2 May 2003. At the
commencement of winding up, the amount that was due to the
unsecured creditors totalled GBP359,562.
Paul Hughes has today been granted options over 1,166,667
ordinary shares of 1 penny each in Nektan plc, which are
exercisable at 6 pence per share, vest immediately and have an
exercise period of two years. He has no other interest in ordinary
shares in the Company.
Paul Hughes has confirmed that there are no further disclosures
to be made in accordance with Schedule Two paragraph (g) of the AIM
Rules for Companies
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.
END
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