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Enprise Group increases iSell Pty Limited holding to 67.6%

M&A2 December 2020ENSInformation Technology

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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