Enprise Group increases iSell Pty Limited holding to 71.1%
Enprise Group increases iSell Pty Limited holding
AUCKLAND, 11 March 2021 - Enprise Group (NZX: ENS) has increased
its holding in iSell Pty Limited to 71.1%.
Enprise has participated in an iSell Pty Limited (“iSell”) $1m rights issue and
has taken up its rights plus some shortfall shares. Enprise investment has
been for 2,162,851 new shares at A$0.40 per share.
Enprise has used existing cash reserves for this rights issue.
iSell has developed and sells a cloud 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 to
257.
The money raised will be used to grow sales in international markets and to
continue to improve product functionality to meet customer expectations.
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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