LONDON (Alliance News) - Castleton Technology PLC, a software and managed services provider, on Wednesday said it has issued 2.0 million shares at 40.0 pence each after receiving a notice to turn convertible unsecured loan notes into equity.
The shares are being issued to Sean Moseby and Antony Anderson, the sellers of Keylogic Ltd, a social housing managed service provider acquired by Castleton in March.
Moseby and Anderson have agreed not to sell or dispose of their interests in the loan note shares at any time in the 12 months from their expected admission to trading on December 21.
Shares in Castleton Technology were down 1.9% at 76.00p on Wednesday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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