Enprise Group increases iSell Pty Limited holding to 67.6%
Enprise Group increases iSell Pty Limited holding
AUCKLAND, 2 December 2020 - Enprise Group (NZX: ENS) has
increased its holding in iSell Pty Limited to 67.6%.
Enprise has purchased 1,824,797 shares in iSell Pty Limited (“iSell”) from
existing shareholders for A$0.30 per share (A$547,439.10).
Enprise has used existing cash reserves for this acquisition. The purchase of
these shares is subject to pre-emptive rights in the iSell shareholders
agreement. Any exercise of pre-emptive rights will occur before 31 December
2020.
iSell is a quoting system used by the information technology reseller market in
Australia, New Zealand, South Africa, U.K. & Ireland. iSell has increased the
number of customers using IT Quoter cloud from 133 at 31 December 2019 to
240 as at 23 November 2020, at 80.5% increase.
For and on behalf of the board,
Elliot Cooper
Chief Executive Officer
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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