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Datagate Innovation Share Issue – Closed and Oversubscribed

M&A18 November 2019ENSInformation Technology

18 November 2019

Enprise Group increases Datagate holding


AUCKLAND, 18 November 2019 - Enprise Group (NZX: ENS) has paid

NZ$176,001 to participate in a Datagate Innovation rights issue.


Enprise Group participated in an over-subscribed NZ$500,000 capital raise for

Datagate, which raised NZ$1,010,741. Enprise took up its pro rata share of the rights

issue investing $176,001 for 92,632 shares. Datagate is a cloud telecommunications

billing solution for managed service providers (MSPs).


As Datagate has accepted over subscriptions, Enprise Group’s share of Datagate

has reduced to 33.50%. If Enprise Group’s 1,858,107 shares in Datagate were

valued at the November 2019 rights issue price of $1.90 per share, the value of the

investment would be $3,530,403.



Elliot Cooper

Chief Executive Officer

Enprise Group Limited

0275615501


Ends.

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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