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Veltyco Group PLC (VLTY)

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Monday 09 July, 2018

Veltyco Group PLC

Update on potential sportsbook acquisition

RNS Number : 9364T
Veltyco Group PLC
09 July 2018
 

9 July 2018

 

Veltyco Group PLC

("Veltyco", "the Company" or the "Group")

 

Update on potential sportsbook acquisition

 

As announced on 1 February 2018, the Company entered into an exclusivity period regarding the potential acquisition of Ruleo Alpenland GmbH ("Ruleo"), a company that operates the BTTY branded sportsbook in Germany and Austria.  

 

Following the completion of due diligence by Veltyco and recent developments regarding the German licence program that could impact on BTTY going forward, the Veltyco Board has decided to terminate the negotiations with Ruleo and will now not pursue the acquisition of BTTY.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

 

For further information please contact:

 

Veltyco Group Plc                                                           +44 (0)1624 605 764

Melissa Blau, CEO

Marcel Noordeloos, CFO

 

Strand Hanson Limited (Nominated Adviser)            +44 (0)20 7409 3494

James Harris / Richard Tulloch / James Dance

 

Whitman Howard Ltd (Broker)                                     +44 (0)20 7659 1234

Francis North / Nick Lovering

 

IFC Advisory (Financial PR & IR)                                 +44 (0)20 3934 6630

Graham Herring / Miles Nolan / Zach Cohen

 

About Veltyco

Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands.  Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.

 

Website: www.veltyco.com


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