Nektan plans October AIM float

Mobile gambling technology and platform provider Nektan issued a Schedule One announcement this past Friday, detailing the company’s intentions to list on the London Alternative Investment Market (AIM) by mid-October.

Nektan senior management announced that the AIM listing would be managed by corporate finance firm Panmure Gordon.

Nektan did not disclose details regarding targeted share price, initial share listings offering, market capitalisation or targeted capital for its planned floatation.

London business news sources report that the largest shareholder in Nektan with 15.3% is Venture Tech Assets Ltd which is controlled by Non-Executive Director Sandeep Reddy. Current Executive Chairman Gary Shaw is reported to hold a 14.7% stake in the company.

Operating since 2011, Nektan is an international B2B mobile gambling platform provider and mobile games content developer. The company has concentrated on developing its product for regulated igaming markets. Nektan maintains development and operational offices in Gibraltar, London and Las Vegas.