13th May 2022 12:27
Sivota PLC - investment vehicle focused on later-stage technology companies - Completes the acquisition of a 58% stake in New York-based digital marketing engagement platform provider Apester Ltd for USD12.0 million in cash. Says the purchase will be funded through a GBP11.5 million placing and direct subscription of 11.5 million shares. Explains that it intends to raise GBP2.2 million through the placing of 2.2 million shares and GBP9.3 million through the subscription to 9.3 million shares. The issue price is 100 pence per new ordinary share, a discount of 53% to the suspended share price of 152.5p per share. Says its share capital will comprise 12.6 million shares after the acquisition.
The placing is being conducted by Canaccord Genuity, who will act as the sole brookerunner and broker. The subscription is being conducted by the company.
Current stock price: Suspended
By Abby Amoakuh; [email protected]
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