- Nektan has raised around £1.76m through a share issue to invest in its online gaming platform and help it expand into Asia and North America.

New shares were issued at 21p each, a 21.4% discount to Friday's closing price.

"Nektan values the ongoing support it has received, in particular from Toscafund, one of its largest shareholders," chief executive Gary Shaw said.

The company also announced that its annual pre-tax losses had narrowed to £6.2m, from £10.5m a year earlier, as revenue more than doubled to £13.3m.

At 8:19am: [LON:NKTN] Nektan Plc share price was -3p at 22.5p

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