Announcement
Veltyco Group PLC : New Marketing Agreement and Issue of Equity
RNS Number : 4957K
Veltyco Group PLC
22 September 2016
22 September 2016
Veltyco Group PLC
("Veltyco" or "the Group")
Marketing Agreement with ZoomtraderGlobal
Veltyco Group plc (AIM:VLTY), the online marketing company in the gaming, lottery and binary options businesses, is pleased to announce that its subsidiary Options888 Marketing Ltd ("Options888") has entered into a marketing and revenue sharing agreement (the "Marketing Agreement") in respect of the domain ZoomtraderGlobal (www.zoomtraderglobal.com) ("ZoomtraderGlobal") with Novox Capital Limited ("Novox"). Novox is a Cyprus Securities and Exchange Commission (CySEC) investment firm and the owner and operator of the domain.
ZoomtraderGlobal is an option trading platform that is designed to be easy to use and gives traders the ability to trade stocks, currency pairs, commodities and indices on the options market together with money management features that the Directors' believe are unique in the field. ZoomtraderGlobal offers comprehensive customer support, enabling the provision of quality services.
The Marketing Agreement grants Options888 exclusive marketing rights and a participation in revenue generated by all new customers to ZoomtraderGlobal.
In addition, Novox has assigned to Veltyco the benefit of an option agreement with Elsona Assets Limited ("Elsona") to acquire ZoomtraderGlobal. It is not the current intention of Veltyco to exercise the option.
As consideration for the Option Assignment and procuring entry into the Marketing Agreement, the Company has allotted and issued to DTIG Holding Limited ("DTIG"), a subsidiary of Elsona, and applied for the admission to trading on AIM of, 10,688,000 new ordinary shares ("New Shares") in the Company. Trading of the New Shares is expected to commence on or around 27 September 2016 ("Admission"). Following Admission, the Company's issued share capital will consist of 67,626,260 ordinary shares ("Ordinary Shares"), with no Ordinary Shares held in treasury. Therefore, shareholders may use the above figure of 67,626,260 Ordinary Shares as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in Veltyco under the FCA's Disclosure and Transparency Rules. Furthermore, a return on the revenue generated under the Marketing Agreement of up to €50,000 per month will be payable to Elsona for an initial lead-in period of 12 months or until the aggregate sum of returns paid equals €600,000.
Ilan Tzroya, Brand Manager of ZoomtraderGlobal, commented: "We are very excited to partner up with Veltyco Group, benefiting from all the marketing experience available in the group. We are committed to driving these revenue sharing opportunities and confident that this will be a major success."
David Mathewson, Chairman of Veltyco Group plc, commented: "We are very pleased to have secured this agreement with ZoomtraderGlobal who are bringing new and exciting trading options to its customers though a strong and experienced team.
This agreement brings a great opportunity for Veltyco to significantly increase its revenues through customer referrals to ZoomtraderGlobal from our focussed marketing campaign. We look forward to growing this relationship."
For further information, please contact:
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Veltyco |
+ 44 (0)16 2464 7979 |
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David Mathewson, Chairman |
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Stockdale Securities |
+44 (0)20 7601 6100 |
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Antonio Bossi |
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IFC Advisory (Financial PR) |
+44 (0)203 053 8671 |
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Graham Herring |
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About Veltyco
Veltyco is a holding company primarily focused on generating marketing leads and entering into marketing contracts for the activities of its partners in sports betting, casinos, poker games, lottery and binary options, such as Betsafe (online casino and sports betting), Lottopalace (lottery) and Option888 (binary options). Veltyco focuses on all of these three complementary activities under one umbrella, leveraging its historical cash generative activities of marketing online casinos and sports betting.
Website: http://www.veltyco.com/
About ZoomtraderGlobal
ZoomtraderGlobal is owned and operated by Novox Capital Ltd, a Cyprus Investment Firm ("CIF"), registered under the laws of The Republic of Cyprus, with registration number HE292182. Novox Capital Ltd is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), under the license number 224/14.
The Novox's license is subject to the Cyprus Investment Services and Activities and Regulated Markets Law of 2007, which harmonized the relevant laws of the Republic of Cyprus with the requirements of the European Parliament's Markets in Financial Instruments Directive (MiFID) to ensure a high level of protection for investors. This is a guarantee that the services received from the Company comply with all the applicable regulations.
ZoomtraderGlobal is authorized to operate throughout the EU, reflecting its steadfast commitment to creating a safe, responsible and regulated trading environment for all its clients.
Website: https://www.zoomtraderglobal.com/
This information is provided by RNS
The company news service from the London Stock Exchange
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