Response to ESMA announcement

RNS Number : 3219J

Veltyco Group PLC

29 March 2018

 

29 March 2018

Veltyco Group PLC

("Veltyco" or "the Company")

Response to ESMA announcement

Veltyco Group PLC (AIM: VLTY), the online marketing and operator company for the gaming industry, notes the recent announcements by the Financial Conduct Authority and the European Securities and Markets Authority ("ESMA") in which they outlined the regulatory changes ESMA proposes in order to prohibit the provision of binary options and to restrict the provision of Contracts for Difference ("CFDs") in order to protect retail clients within the EU, initially on a temporary basis.

The Company confirms that none of the operators for whom Veltyco undertakes marketing activities offer a binary option product, as such products have previously been withdrawn in anticipation of such regulatory changes.  Furthermore, the operators have confirmed to the Company that they are operating in line with the restrictions proposed by ESMA on CFD trading.  Accordingly, the Board believes that the regulatory changes will have no impact on Veltyco's overall operations and results.

The Company is pleased to confirm that trading for the current financial year remains in line with market expectations.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Veltyco Group Plc                                                                [phone]

Gilles Ohana, Non-executive Chairman

Marcel Noordeloos, CFO

Strand Hanson Limited (Nominated Adviser)          [phone]

James Harris / Richard Tulloch / James Dance

Whitman Howard Ltd (Broker)                                       [phone]

Francis North / Nick Lovering

IFC Advisory (Financial PR & IR)                                     [phone]

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

 

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