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Nektan Extends Placing Deadline Amid Ongoing Investor Negotiations

(Alliance News) - Nektan PLC said Friday it has extended the deadline for its proposed placing to ...

Alliance News 18 October, 2019 | 6:26PM
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(Alliance News) - Nektan PLC said Friday it has extended the deadline for its proposed placing to raise a minimum of GBP3 million to Thursday next week.

The gaming technology and services provider said that some of the expressions of interest from certain investors to meet the GBP3.0 million target were on terms that Nektan's board considered unacceptable following negotiations.

As a result, Nektan has excluded those investors from the placing, and is in discussion with other investors to raise the funds.

Shares in Nektan closed untraded on Friday, last quoted at 5.00 pence in London.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Nektan PLC 5.75 GBX 0.00 -

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