Tekcapital PLC - London-based intellectual property investment company - Says investee MicroSalt Ltd has expanded US retail presence with new placements in 131 stores between three chains for its low-sodium salt shakers. Placements consist of 51 Fine Fair stores, eight Trade Fair stores and 72 Big Y stores. Placements achieved through partnership with US Salt. MicroSalt Chief Executive Officer Rick Guiney says expansion "underscores the retail need for full flavor, low-sodium products". Tekcapital owns 97% of shares in MicroSalt.
Current stock price: 10.90 pence, up 1.4% in London on Monday
12-month change: down 50%
By Emma Curzon, Alliance News reporter
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TekCapital (TEK)