Datagate Innovation Share Issue – Closed and Oversubscribed
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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