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NEKTAN DELAY PUBLISHING ANNUAL ACCOUNTS DUE TO B2C SALE DISCUSSIONS27 DEC 2019

Nektan Delay Publishing Annual Accounts Due To B2C Sale Discussions

Nektan, one of the leading suppliers of premium casino content and white label casino solutions have announced the delay of it’s end of year accounts, which should be submitted by the end of the 2019.

Possible B2C Sale

Due to major disposal and restructuring of the company, Nektan are in advanced stages of talks of a possible sale of its B2C platform.

With over 20 new sites launching throughout 2019, and a strong indication of more to come in 2020, strong interest is being shown.

A statement from the board said the group “are ahead of expectations” with “ significant revenues”, once these new products become established, Nektan predict it will be “typically three to four months after going live.”

The statement went on to say,

“Notwithstanding that, the group is pleased that a number of the new launches have started producing revenue underpinning confidence in the groups B2B division and validating the decision to restructure in order to dedicate resources to these opportunities.”

Delayed Accounts Until January 2020

Listed on the AIM market, Nektan have said with the strong interest and ongoing discussions, it will more than likely delay the end of year accounts in to January 2020.

The delay has meant trading in Nektan stocks on AIM will be suspended until accounts are published, which Nektan expect will be sometime in January.

Delaying the accounts is the latest in a string of problems for Nektan, including CEO Lucy Buckley resigning in August and the interim position filled by company founder Gary Shaw.

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