Loan to NYCE International Plc
Gana Media Group plc has agreed to provide a loan of up to £100,000 to NYCE International Plc, bearing a 7% annual coupon and repayable within 12 months from March 8, 2026, to fund NYCE's working capital. This loan follows a strategic partnership and discussions are underway to integrate NYCE's 'NirmataPlay' games aggregator into Estadio Gana Mexico in 2026. The transaction is considered fair and reasonable by Gana's directors, excluding Farzad Peyman-Fard, who is also CEO and a significant shareholder of NYCE. Gana Media Group currently holds a 0.8% stake in NYCE.
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Gana Media Group plc (formerly Mobile Streams plc), the AIM quoted content and data intelligence company which aims to create a leading integrated sports, media and entertainment conglomerate focused within the Latin American region, and particularly the Mexican market, is pleased to announce an agreement to provide loan funding to NYCE International Plc (AQUIS: NYCE), a London-listed gaming product marketplace, advisory, and technology firm.
Under the terms of the Loan Funding, the Company will provide a loan of up to £100,000, in tranches as required by NYCE. The loan will be used to fund NYCE's working capital requirements. The Loan has a coupon of 7% per annum and is repayable within 12 months from 8 March 2026.
Following the strategic partnership with Challenger X Plc and NYCE announced on 25th March 2025 as well as Farzad's appointment as NED in December 2025 (see Related Party note below), Gana and NYCE continue to identify operational synergies and are in discussions to integrate 'NirmataPlay' games aggregator (a wholly owned subsidiary brand of NYCE) into Estadio Gana Mexico in 2026. NirmataPlay is NYCE International's proprietary iGaming aggregator designed to streamline and accelerate access to top-performing game content. It connects casino operators and digital platforms with a curated network of global game studios through a single, unified integration.
Related Party Agreement
Farzad Peyman-Fard, a Non-Executive Director of the Company, is CEO and a 12.2% shareholder of NYCE. The Directors, with the exception of Farzad Peyman-Fard, consider, having consulted with the Company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as the Company's shareholders are concerned.
Note that the Company is an existing shareholder of NYCE, currently holding 0.8% (83,333 shares) of their share capital.
About NYCE
NYCE International PLC (AQSE: NYCE) is a London-listed gaming product marketplace, advisory, and technology firm. NYCE acts as a strategic partner and investment hub for innovative and growth projects in sports, casino, and lotteries across product, tech, affiliation, payments, crypto, regulatory, and licensing. A global international partner network with operational gaming experience, offering advisory, managed services, and sales distribution of product and services globally.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.