29th Mar 2016 16:25
LONDON (Alliance News) - Mobile gaming content provider Nektan PLC said Tuesday it has raised its target of GBP2.9 million in a share offer and subscription, which it will use to support growth in Europe and its US joint venture.
The update comes three weeks after Nektan first announced it was looking to raise the funds, at which time it said it had received commitments from new and existing investors, including directors, to raise up to GBP2.9 million.
The subscriptions and offer were subject to approval from shareholders at a meeting held on Tuesday. All resolutions were passed unanimously, the group said.
Nektan added it expects admission of the shares to trading on London's AIM on Monday, following which it will have 24.1 million shares in issue.
Shares in Nektan closed down 0.1% at 76.41 pence on Tuesday.
By Hannah Boland; [email protected]; @Hannaheboland
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