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Nektan proposes new equity placing to raise £3m

18th September 2019 8:42 am GMT

London-listed gaming supplier Nektan has proposed raising a minimum of £3m by way of an equity placing of the company’s new ordinary shares.

Subject to the successful completion of the proposed placing, Nektan has reached agreements to restructure the Series A and Series B convertible loan notes (CLNs) and directors' loans from executive director Gary Shaw and Venture Tech Assets (VTA), a company connected to non-executive director Sandeep Reddy.

The proposed placing will remain open for orders [...]

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