REG - Veltyco Group PLC - Secondary Frankfurt Listing & Director Dealing <Origin Href="QuoteRef">VLTY.L</Origin>

B90 HoldingsAnnouncement

11/01/2018 07:05

RNS Number : 5521B
Veltyco Group PLC
11 January 2018
11 January 2018
Veltyco Group plc
("Veltyco", the "Company" and, together with its subsidiaries, the "Group")
Secondary Frankfurt Listing & Director Dealing
Veltyco Group Plc (AIM:VLTY) is pleased to announce that in response to investor demand from Germany, MWB Fairtrade Wertpapierhandelsbank AG ("mwb"), a German securities broker, has successfully applied for a secondary listing of Veltyco's ordinary shares of no par value ("Ordinary Shares") to start trading on the Quotation Board Segment of the Open Market of the Frankfurt Stock Exchange ("FSE"), also known as the Regulated Unofficial Market of the FSE, or Freiverkehr. Accordingly, the Ordinary Shares have been admitted to trading on the FSE under the symbol 24GN.
The entire issued ordinary share capital of the Company will continue to trade on the AIM market of the London Stock Exchange under the symbol VLTY.
In order to satisfy investor demand in Germany, the Company's main shareholder, Lensing Management Services Ltd ("Lensing"), a company indirectly owned and controlled by Mr. Lenhoff, has sold 2 million Ordinary Shares to a German institutional investor for a total gross consideration of 1.8 million. Following this sale, Lensing is interested in 24,252,265 Ordinary Shares, representing approximately 32.6 per cent. of the Company's issued share capital, and hereby reaffirms its commitment to support the further development of the Company in the future.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
PDMR Notification Forms:
The notifications below are made in accordance with the requirements of Market Abuse Regulation: 
1.
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
K. Lenhoff
2.
Reason for the Notification
a)
Position/status
Director
b)
Initial notification/amendment
Initial notification
3.
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Veltyco Group plc 
b)
LEI
2138007KWLZHV5I1A979
4.
Details of the transaction(s):section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the Financial instrument, type of instrument
Ordinary shares of no par value each in the share capital of Veltyco Group plc
Identification code
IM00BYT32K14
b)
Nature of the Transaction
Sale of ordinary shares 
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.90
2,000,000
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction 
10 January 2018
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
Frankfurt Stock Exchange
For further information, please contact:
Veltyco 
+44 (0)16 2460 5764
David Mathewson, Chairman
Marcel Noordeloos, CFO
Strand Hanson Limited (Nominated Adviser)
+44 (0)20 7409 3494
James Harris
Richard Tulloch
James Dance
Whitman Howard Ltd (Broker)
+44 (0)207 659 1234
Francis North - Corporate Broking
Nick Lovering - Corporate Broking 
IFC Advisory (Financial PR)
+44 (0)203 934 6630
Graham Herring
Miles Nolan
About Veltyco
Veltyco is a group of companies primarily focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry. Veltyco focuses on complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Website: www.veltyco.com
About mwb
mwbis a German securities broker and manages more than 24,000 order books for German and international securities. These include equities, fixed income securities and open-ended investment funds. This places mwb amongst the top five order book management firms in Germany - making it a vital stabilising factor on the exchanges. mwb specialists work at the Frankfurt, Munich, Hamburg, Hanover and Berlin Stock Exchanges as well as the Tradegate Exchange. Furthermore, mwb offers institutional execution services as well as capital markets services.
Website: www.mwbfairtrade.com/home/

This information is provided by RNS
The company news service from the London Stock Exchange
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