Nektan PLC Directorate Change (4808H)
June 08 2017 - 2:00AM
UK Regulatory
TIDMNKTN
RNS Number : 4808H
Nektan PLC
08 June 2017
8 June 2017
NEKTAN PLC
("Nektan", the "Company" or the "Group")
Directorate change
Nektan plc (AIM: NKTN.L), a leading international B2B mobile
gaming solutions and services provider, today announces that Leigh
Nissim has resigned as Chief Executive Officer to take up a new
role, starting in September 2017. Leigh will remain with the
business until August 2017 to ensure an orderly handover. The Board
has started the search for a permanent replacement and, in the
interim, Gary Shaw, founder and former Chief Executive of the
Company, will assume the role of Interim Chief Executive
Officer.
During his time as Chief Executive Officer, Leigh has made a
valuable contribution to the business, helped to build a strong
leadership team and has successfully focused the strategy on
transitioning the Company to an international gaming solutions and
services provider from a white label operator. The Group is
continuing to make good progress in its three principal business
areas which are powered by its proprietary technology platform,
Evolve: Managed Solutions (Europe), B2B Software & Games
Licensing (Europe) and In Venue Gaming (North America).
The Company's trading continues to improve and the Board expects
to report positive quarter-on-quarter growth in the final quarter
of the Company's financial year to 30 June 2017. In addition, the
Company is in advanced discussions in respect of its funding, the
details of which it expects to announce in due course.
Jim Wilkinson, Chairman of Nektan, said
"On behalf of the Board, I would like to thank Leigh for his
contribution and accomplishments during his time with Nektan and
wish him well in his new role."
For further information on the Group, please contact:
Nektan via Newgate below
Jim Wilkinson, Chairman
Patrick Sinclair, Chief Financial Officer
Stockdale Securities Limited
Tom Griffiths / Ed Thomas +44 20 7601 6100
Newgate (PR Adviser) +44 20 7680 6550 /
James Benjamin + 44 7747 113 930
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 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(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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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