17th Feb 2014 10:02
LONDON (Alliance News) - Vipera PLC Monday said it has raised about GBP1.1 million before expenses through a share subscription, funds it will use to take advantage of the increasing opportunities it says it has in the European market.
In a statement, the mobile payments company said it received applications for 17.6 million new shares at 6 pence through the subscription. The new shares are expected to start trading on AIM on February 20.
"We are delighted to welcome our new investors to Vipera," Marco Casartelli, chief executive, said in a statement, adding that Vipera has begun to recruit more staff for its sales team after its last fundraising in December.
"This process and these funds will ensure we have the right resources to capitalise on the heightened demand for mobile software services to empower both banking and financial services communities with a new range of tools increasingly critical for customer conversion, card management and loyalty," Casartelli added.
As part of the subscription, Chairman Lucoano Marucci subscribed for 700,000 new shares, which will result in a holding of 730,000 shares, or 0.39% of the company enlarged share capital.
Vipera shares were Monday quoted at 6.50 pence, down 0.12 pence, or 1.9%.
By Samuel Agini; [email protected]; @samuelagini
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