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Sivota PLC - investment vehicle focused on later-stage technology companies - Completes the acquisition of a 58% stake in New York-based digital marketing engagement platform provider Apester Ltd for $12.0 million in cash. Says the purchase will be funded through a £11.5 million placing and direct subscription of 11.5 million shares. Explains that it intends to raise £2.2 million through the placing of 2.2 million shares and £9.3 million through the subscription to 9.3 million shares. The issue price is 100 pence per new ordinary share, a discount of 53% to the suspended share price of 152.5p per share. Says its share capital will comprise 12.6 million shares after the acquisition.
The placing is being conducted by Canaccord Genuity, who will act as the sole brookerunner and broker. The subscription is being conducted by the company.
Current stock price: Suspended
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