3rd Oct 2014 11:05
LONDON (Alliance News) - Mobile gaming platform provider Nektan (Gibraltar) Ltd Friday announced plans to list on AIM in mid-October.
Nektan was formed in 2011 and mainly operates in Gibraltar, although it maintains sales and customer support operations in London and Las Vegas. It has developed an end-to-end platform to support mobile gaming named 'Evolve'.
Few details of the planned listing were included in its Schedule One announcement issued Friday. Still to be confirmed are the planned price of the shares to be issued, the percentage of free float, the total amount to be raised, and total market capitalisation.
Blue Star Capital PLC noted Nektan's announcement. Nektan is a portfolio company of Disruptive Tech Ltd, which is Blue Star Capital's largest investment.
The largest shareholder in Nektan, with 15.3%, is Venture Tech Assets Ltd, which is controlled by Sandeep Reddy, a non-executive director of Nektan. Gary Shaw, Nektan's executive chairman, holds 14.7%, while Octopus Investments Ltd has 10.5%.
Shares in Blue Star Capital are trading up 45% at 0.800 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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