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GAN to ramp up tech development with new Dermot Desmond investment

24th August 2016 12:50 pm GMT
GAN

London-listed gaming software supplier GAN has raised £1.3m through a placing of its share with Dermot Desmond’s IIU Nominees Limited.

GAN has issued 3.25m new ordinary shares at an issue price of 40p to Desmond’s investment company IIU, which it described as a long-standing existing shareholder.

The placing represents 4.6 per cent of the enlarged issued share capital of GAN.

The company plans to use the net proceeds to “accelerate existing clients’ product development and new client delivery” [...]

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