Datagate Investor Update
Dear Fellow Investors,
As you know, Datagate offered a Rights Issue to existing shareholders during September and October
this year, to raise $500K of new capital, to enable faster expansion into the North American market.
I’m pleased to report that the Rights Issue has closed successfully and that we raised $683,710 (as set
out in the table below) and therefore over-achieved our target of $500K by $183,710.
Shareholder Group Cash Invested Shares Purchased
Directors & Customer $229,998 153,332
Enterprise Angels $144,879 96,586
Flying Kiwi Angels $55,000 36,665
Ice Angels $219,633 146,422
NZVIF $34,200 22,800
Totals $683,710 455,805
As discussed during the investor presentations, Datagate attended the ConnectWise IT Nation
conference in Orlando, Florida earlier this month. We were very well received there and came back
with over 100 American sales leads, several potential sales partnerships and ConnectWise’s award for
“Best Newcomer”. We think that this early step with the ConnectWise community has validated that
there is significant demand for Datagate in North America and has put us well and truly on the
ConnectWise community’s radar.
We are now following up with all our new American contacts and working to ensure that many of
these new leads are converted to sales in the New Year.
Thank you for your on-going support of Datagate. I believe we are now entering a very interesting and
exciting time for the business.
Yours Sincerely
Mark Loveys, CEO
Datagate Innovation Limited
Email: mark.loveys@datagate-i.com
Investor Update
Rights Issue Results, 17 November 2017
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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- TWR — Tower Limited: Allotment of new shares under rights offer2017-12-19
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