By Sheri Kasprzak
New York, Dec. 22 - Vebnet Holdings plc said it has concluded a private placement for £1,042,500.
The company sold 695,000 shares at 150p each to investors including its largest shareholder, Liontrust Investment Fund Ltd.
Separately, some of the company's shareholders, including Cross Atlantic Technology Fund LP and chief executive officer Gerry O'Neill, sold 820,000 of their shares under the same terms.
Based in Edinburgh, Scotland, Vebnet develops internet-based technologies for communication and the administration of employee benefits.
| Issuer: | Vebnet Holdings plc
|
| Issue: | Stock
|
| Amount: | £1,042,500
|
| Shares: | 695,000
|
| Price: | 150p
|
| Warrants: | No
|
| Investors: | Liontrust Investment Fund Ltd. (lead)
|
| Settlement date: | Dec. 22
|
| Stock price: | 175p at close Dec. 21
|
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