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DJ Ganapati plc Trading Statement

 
TIDMGANP 
 
3 October 2016 
 
                                 Ganapati Plc 
 
                         ("Ganapati" or "the Company") 
 
                               Trading Statement 
 
Ganapati Plc, is pleased to provide a trading update for the period ending 30 
September 2016. 
 
Further to the Trading Statement issued on 30 August 2016 and, the 
establishment of the Maltese subsidiary Ganapati (Malta) Ltd, Ganapati wishes 
to inform its shareholders that Ganapati (Malta) Ltd is now considered the most 
appropriate applicant in respect to obtaining regulatory approval for gambling 
activities both in the UK and other territories. 
 
 Accordingly, following constructive dialogue with the UK Gambling Commission, 
the Board has decided not to proceed with the original application for a UK 
Gambling licence, which was submitted in the name of Ganapati Plc. Instead, the 
Directors intend to submit a new gambling licence application from its 
subsidiary Ganapati (Malta) Ltd to the relevant regulatory bodies in both the 
UK and Malta. 
 
Consequently, the Company's application submitted to the UK Gambling Commission 
will be withdrawn pending a fresh application. 
 
A further update in respect of regulatory matters will be given in the Interim 
Statement to shareholders which will be made before the end of October 2016. 
 
Neither this announcement nor the information contained herein constitutes an 
offer or solicitation by Ganapati Plc for the purchase or sale of any 
securities, nor does it constitute a solicitation to any person in any 
jurisdiction where solicitation would be unlawful. 
 
The Directors of Ganapati Plc accept responsibility for this announcement 
 
CORPORATE ADVISER AND CONTACT DETAILS: 
 
Ganapati plc 
 
Tony Drury 
 
Chairman 
 
Telephone: 07973 737284 
 
ISDX CORPORATE ADVISER: 
 
Alexander David Securities Limited 
 
David Scott - Corporate Finance 
 
James Dewhurst - Corporate Broking 
 
Telephone: +44 (0) 20 7448 9820 
 
http://www.ad-securities.com 
 
 
 
END 
 

(END) Dow Jones Newswires

October 03, 2016 04:52 ET (08:52 GMT)