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Veltyco Group PLC (B90)

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Thursday 19 July, 2018

Veltyco Group PLC

PDMR Dealing

RNS Number : 0998V
Veltyco Group PLC
19 July 2018
 

19 July 2018

 

Veltyco Group plc

("Veltyco", the "Company" and, together with its subsidiaries, the "Group")

 

PDMR Dealing

 

The Company's main shareholder, Lensing Management Services Ltd ("Lensing"), a company indirectly owned and controlled by Mr. Lenhoff, the Company's Head of Business Development, has informed the Company that it sold 1.4 million ordinary shares of no par value in the Company ("Ordinary Shares") for a total consideration of £975,000 on 18 July 2018 at a price of 69.6 pence per share.

 

The sale was effected through an off-market transaction with the 1.4 million Ordinary Shares being purchased by a US based institutional investor.  Following this sale, Lensing is interested in 22,852,265 Ordinary Shares, representing approximately 30.5% of the Company's issued share capital, and hereby reaffirms its commitment to support the further development of the Company in the future.

 

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

 

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of Market Abuse Regulation:

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

K. Lenhoff

2.

Reason for the Notification

a)

Position/status

Head of Business Development, member of the Company's Senior Management Team

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Veltyco Group plc

b)

LEI

2138007KWLZHV5I1A979

4.

Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of no par value each in the share capital of Veltyco Group plc

Identification code

IM00BYT32K14

b)

Nature of the Transaction

Sale of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

69.6p

1,400,000

 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

18 July 2018

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

Frankfurt Stock Exchange

 

For further information please contact:

 

Veltyco Group Plc                                                        +44 (0)1624 605 764

Gilles Ohana, Non-executive Chairman

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

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


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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