22nd Feb 2016 09:51
LONDON (Alliance News) - Daily Internet PLC on Monday said founder Abby Hardoon has resigned from his role as a non-executive director of the company, effective immediately.
Hardoon had been chief executive of the company until December 2014. He has left by mutual agreement, the company said, and it intends to appoint a new non-executive to the board.
Daily Internet also said it has issued shares as part of the consideration for acquiring Q4Ex Ltd, which now trades under the Netplan name. It issued a total of 30.6 million shares at 1.70 pence apiece to cover a GBP520,000 further consideration due to the sellers of Q4Ex, triggered by the acquisition achieving positive earnings.
The maximum further potential deferred consideration for Q4Ex could be up to GPB936,000, Daily Internet said, which will be settled via the issuance of shares at the same 1.70p proce.
Daily Internet shares were untraded on Monday, having last traded at 1.70p.
By Sam Unsted; [email protected]; @SamUAtAlliance
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