# Veltyco Group plc Launch of own regulated brand

- Link: https://www.directorstalkinterviews.com/veltyco-group-plc-launch-of-own-regulated-brand/412770928
- Published: 2019-04-01T07:15:26+01:00
- Author: Giles Arbor

**Veltyco Group plc** (LON: VLTY), the online marketing company for the gaming industry,
announced today that it has entered into separate loan agreements with three of 
its directors, being Paul Duffen, Marcel Noordeloos and Mark Rosman, pursuant to
which each director will provide a loan of €166,667 to the Company, totalling €500,000,
which will be used to provide additional working capital to the Group. The Loans,
which are unsecured, are for a term of three years and will accrue interest at 5%
per annum over the term of the Loans. The Loans can be repaid on or before 31 March
2022 at the Company’s election.

Mark Rosman, Paul Duffen and Marcel Noordeloos as directors of the Company are deemed
to be related parties of the Company pursuant to the AIM Rules for Company’s and
the Loans are therefore related party transactions for the purposes of Rule 13 of
the AIM Rules. Rainer Lauffs, being the independent director for the purposes of
the Loans, considers, having consulted with Strand Hanson Limited, the Company’s
nominated adviser, that the terms of the Loans are fair and reasonable insofar as
Veltyco’s shareholders are concerned.

The Nestegg BV, a company wholly owned by Mark Rosman, has loaned the funds being
lent by each of Paul Duffen, Mark Rosman and Marcel Noordeloos to the aforementioned
directors to enable them to make the Loans.

Further to the Company’s announcement of 31 December 2018, it confirms that whilst
it continues to work towards the launch of its own regulated online financial trading
brand, the timing of such launch is currently not certain. Veltyco Group plc will
keep shareholders updated in this regard as appropriate.

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