REG - Veltyco Group PLC - Update on potential acquisition

B90 HoldingsAnnouncement

16/03/2018 07:05

RNS Number : 9113H
Veltyco Group PLC
16 March 2018
16 March 2018
Veltyco Group PLC
("Veltyco" or "the Company")
Update on potential acquisition
Further to the Company's announcement on 1 February 2018 regarding the potential acquisition of RULEOAlpenland GmbH, a company that operates a sportsbook under the brand btty.com, the Board of Veltyco announces that whilst due diligence work and formal documentation is at an advanced stage, they are not yet completed and accordingly, completion of the acquisition has been delayed but is expected to complete shortly. Although the exclusivity period expired on 15 March, both parties are fully committed to complete the transaction shortly.
The Company will provide further updates as appropriate.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information please contact:
Veltyco Group plc +44 (0)1624 605 764
Gilles Ohana, Non-Executive Director
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)20 7659 1234
Francis North / Nick Lovering
IFC Advisory (Financial PR) +44 (0)20 3934 6630
Graham Herring / Miles Nolan / Zach Cohen
About Veltyco
Veltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various partners in the gaming industry as well as operating its own brands. 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

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