Deal conducted by Canaccord with Visa Europe and Visa International
By Devika Patel
Knoxville, Tenn., Aug. 24 - Monitise plc said it priced a £24 million private placement of stock. The offering was announced Aug. 22 and is being conducted by Canaccord Genuity Ltd.
The company will sell the shares at 28.25p per share. The price per share is a 0.88% discount to the Aug. 23 closing share price of 28.5p.
Visa Europe Ltd. will invest £12.78 million and Visa International Service Association will invest £2.16 million.
Monitise is a London-based holding company. The company primarily acts as a technology company delivering mobile banking, payments and commerce networks worldwide.
| Issuer: | Monitise plc
|
| Issue: | Stock
|
| Amount: | £24 million
|
| Price: | 28.25p
|
| Warrants: | No
|
| Agent: | Canaccord Genuity Ltd.
|
| Investors: | Visa Europe Ltd. (for £12,783,125), Visa International Service Association (for £2,158,300)
|
| Announcement date: | Aug. 22
|
| Pricing date: | Aug. 24
|
| Stock symbol: | London: MONI
|
| Stock price: | 28.5p at close Aug. 23
|
| Market capitalization: | £289.84 million
|
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