11th Jun 2014 10:29
LONDON (Alliance News) - Legendary Investments PLC Wednesday said it had taken a 5.6% fully diluted equity holding in Virtual Stock Holdings Ltd, after exercising all its equity instruments in the investee company.
Software-as-a-service company VSHL raised GBP525,000 in a oversubscribed share issue in April, and Legendary at that time negotiated further equity instruments over VSHL shares.
Legendary's stake in VSHL has risen to 5.6%, from 2.2%, as a result of the exercise.
Legendary Investments shares were down 5.7% at 0.1155 pence Wednesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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