By Sheri Kasprzak
New York, July 20 - Blackstar Investors plc wrapped a private placement for £45 million.
The company sold 42,857,143 shares at 105p each.
E2Investors Ltd. agreed to subscribe for 205,575 of the shares.
Shore Capital Stockbrokers Ltd. was the placement agent.
Proceeds will be used for the company's investing strategy.
The company's investment strategy is to make investments in black economic empowerment opportunities in South Africa.
London-based Blackstar is an investment company focused primarily on e-commerce companies.
| Issuer: | Blackstar Investors plc
|
| Issue: | Stock
|
| Amount: | £45 million
|
| Shares: | 42,857,143
|
| Price: | 105p
|
| Warrants: | No
|
| Placement agent: | Shore Capital Stockbrokers Ltd.
|
| Settlement date: | July 20
|
| Stock symbol: | London: BLCK
|
| Stock price: | 120p at close July 19
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
