Enprise participates in iSell Pty Limited rights issue
Enprise Group participates in iSell Pty Limited
rights issue
AUCKLAND, 30 October 2023 - Enprise Group (NZX: ENS) has
participated in a rights issue for iSell Pty Limited.
Enprise has participated in an iSell Pty Limited (“iSell”) A$900,000 rights issue
investing A$600,000. Enprise investment has been for 5,000,000 new shares
at A$0.12 per share.
Enprise has converted part of an existing loan to iSell for this rights issue.
All of the rights were subscribed for reducing Enprise Groups share of iSell
from 75.03% to 72.36%.
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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