London-listed gaming solutions provider Nektan has raised gross proceeds of £1.76m to invest in its Evolve gaming platform and to aid in geographic expansion into Asia and North America.

The company has placed 5,095,243 new ordinary shares of £0.01 each at a price of 21 pence per share, raising gross proceeds of £1,070,001, and 3,283,496 new ordinary subscription shares at 21 pence per share, raising a further £689,534.

The placing and subscription price represent a discount of 21 per cent on the closing mid-market price on Friday December 15th, and a discount of 12 per cent to the average closing mid-market price of the five previous days.

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