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Sivota PLC - investment vehicle focused on later-stage, Israeli technology firms - Shares resume trading on the London Main Market on Monday after Sivota publishes the prospectus for the enlarged company, following its USD12.0 million acquisition of a majority stake in Apester Ltd. The Israeli company operates a software platform allowing publishers and e-commerce operators to create interactive digital experiences. To fund the acquisition, Sivota raised USD14.2 million in a placing of 11.5 million new shares at GBP1.00 per share. Sivota also on Monday says it has appointed Itay Gissin as chief executive officer of Apester, replacing the founders. Gissin was CEO of share information portal Investing.com and also worked at AIM-listed XLMedia PLC.
Current stock price: 105.00p, down 31%
12-month change: down 99%
By Tom Waite; thomaslwaite@alliancenews.com
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