LONDON (Alliance News) – MySQUAR Ltd said Friday that Imperium Ltd has acquired ordinary shares in the company equating to a 7.6% stake in an open market purchase.
MySQUAR said Imperium purchased 30.0 million of its shares on the open market.
Shares in MySQUAR were up 13% at 1.52 pence Friday afternoon.
MySQUAR noted that Imperium was one of the subscribers to its recent GBP2.0 million share placing, earlier in April.
In that placing MySQUAR issued 235.5 million shares at 0.85p each, but it did not disclose what proportion of those shares were subscribed for by Imperium. MySQUAR also did not disclose what the final size of Imperium’s holding will be once its subscription shares are admitted to trading.
By Adam Clark; firstname.lastname@example.org