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DJ Ganapati plc Trading Statement

 
TIDMGANP 
 
15 November 2016 
 
                                 Ganapati Plc 
                         ("Ganapati" or "the Company") 
 
                               Trading Statement 
 
The Directors wish to advise shareholders of several developments and are 
pleased to provide the following trading update: 
 
SiGMA 
 
The Company is preparing to exhibit at SiGMA ('Summit of iGaming') in Malta 
from 16 to 19 November 2016. This event brings together three distinctive 
pillars of the industry: B2B, Operators and Affiliates. 
 
Following the successful Super Gaming Show exhibition held in Amsterdam in June 
2016, the company will be launching demo version of 3 new games of which are to 
be launched early 2017 at SiGMA. The Company has successfully obtained its 
first Letter of Intent for distribution, as such the Director's believe that 
the Company's vision for the European markets presented by Mitsuya Fujimoto, 
represent attractive opportunities for growth in the European market place. 
 
http://calvinayre.com/2016/09/12/business/ 
mitsuya-fujimoto-gambling-knows-no-ethnicity-bl-video/ 
 
The Company is expecting in the next few days, the demo games will be available 
to the public and investors on the company's website. 
 
Gambling Licence 
 
Ganapati (Malta) Limited has signed a Letter of Intent with EveryMatrix Limited 
(Malta). Both parties have agreed to enter into a Confidentiality Agreement 
which allows both parties to enter into discussions to finalise a contract, 
wherein Ganapati (Malta) Ltd will provide an online casino licence to 
EveryMatrix to host their own online casino games. The contract is subject to 
Ganapati (Malta) Ltd being granted the applicable licence from the British 
Gambling Commission in the United Kingdom and a Class 4 licence from the Malta 
Gaming Authority in Malta. 
 
Bond period clarification 
 
Ganapati is privileged to be supported by a number of respected Japanese 
investors who have underpinned the Company's development by providing funding 
for its ongoing research and development. 
 
In the Chairman's Statement, made in the Interim Results for the six months 
ended 31 July 2016, which were released on 28 October 2016, it stated that the 
bonds bought by Japanese investors have a two-year term. 
 
This requires clarification. The bonds are for three years. Thus the Directors 
wish to state that the bonds bought by Japanese investors are for three years 
with an option to renew for a further year. 
 
The Company is informing investors of this error. As yet, there has been no 
negative feedback from any investor. The directors believe that no damage has 
been done and the company will maintain its excellent relationship with its 
investors. 
 
Change of business and registered office address 
 
To spearhead its European developments, the Company has opened its new London 
offices at, 1st Floor, 6-8, Standard Place, Rivington Street, London, EC2A 3BE, 
United Kingdom. This also includes the Company's new registered office address. 
The current contact telephone number is + 44 (0) 20 8004 0888. 
 
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

November 15, 2016 06:11 ET (11:11 GMT)