Update on DTL Investment - Nektan plc

RNS Number : 4277T

Vela Technologies PLC

03 October 2014

 



Vela Technologies plc

("Vela" or the "Company")

Release of Schedule One announcement by Nektan plc

Vela Technologies plc (AIM: VELA), the investing company focused on early stage and pre-IPO technology investments, notes the Schedule One announcement released by Nektan plc ("Nektan") earlier today in connection with its proposed admission to trading on AIM. Nektan is a portfolio company of Disruptive Tech Limited ("DTL"), Vela's largest investment made to date. Vela invested £125,000 of cash in DTL in August 2013 and hold a 0.63% interest in DTL's issued share capital.

Nektan is an international B2B provider of mobile gaming platforms. It is a developer and operator of mobile games in the regulated, interactive real money and freemium gaming spaces, delivering white label implementations to large commercial organisations that have established online audiences. Formed in 2011, Nektan operates under a full Remote Gambling Licence issued by the Gibraltar Licensing Authority.

A link to the Schedule One announcement can be found at:

http://www.investegate.co.uk/aim/rns/schedule-1---nektan-plc/201410030800023391T/

For further information please contact:

Vela Technologies plc
Brent Fitzpatrick, Non-Executive Chairman Antony Laiker, Director	Tel: [phone]
Allenby Capital Limited
Nick Athanas/Katrina Perez/James Reeve	Tel: [phone]

 

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