Business
Update on potential acquisition
Update on potential acquisition.
About this update from B90 Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9113H Veltyco Group PLC 16 March 2018 \n\n16 March 2018\n \nVeltyco Group PLC\n(\"Veltyco\" or \"the Company\")\n \nUpdate on potential acquisition\n \nFurther to the Company's announcement on 1 February 2018 regarding the potential acquisition of RULEO Alpenland 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.\n \nThe Company will provide further updates as appropriate.\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \nFor further information please contact:\n \nVeltyco Group plc +44 (0)1624 605 764\nGilles Ohana, Non-Executive Director\nMarcel Noordeloos, CFO\n \nStrand Hanson Limited (Nominated Adviser) +44 (0)20 7409 3494\nJames Harris / Richard Tulloch / James Dance\n \nWhitman Howard Ltd (Broker) +44 (0)20 7659 1234\nFrancis North / Nick Lovering\n \nIFC Advisory (Financial PR) +44 (0)20 3934 6630\nGraham Herring / Miles Nolan / Zach Cohen\n \nAbout Veltyco\nVeltyco is a group of companies focused on generating marketing leads and entering into marketing contracts for the activities of various par...