Last checked at 11 May 2015 07:01
For immediate release | 11 May 2015 |
VIPERA PLC
("Vipera" or the "Company")
Subscription to raise £2.69 million
Vipera, the specialist provider of mobile financial services, announces today that it has conditionally raised £2.69 million from investors to be used for sales and marketing, product development and working capital.
The Group has conditionally raised £2.69 million before expenses (£2.54 million after expenses) through the issue of 59,711,111, new ordinary shares of 1p each at a subscription price of 4.5p per share ("Subscription Shares") with existing and new institutional investors (the "Subscription"). Completion of the Subscription is conditional upon receipt of advance assurance from HM Revenue & Customs that the Subscription Shares will qualify for VCT and EIS status.
The Company expects to receive confirmation of the Subscription Shares qualifying status in the near future and a further announcement will be made in due course. Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM, conditional upon receipt of confirmation as to the Subscription Shares qualifying status, and it is expected that admission will become effective and that dealings will commence on 28 May 2015.
Commenting on the Subscription, Vipera Chief Executive Officer Marco Casartelli said: "We are pleased to welcome our new investors to Vipera. The funds raised will ensure we have the right resources to capitalise on the heightened demand for mobile software services which continues to empower both banking and financial services communities with a new range of tools that are increasingly critical for customer conversion, card management and brand loyalty."
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Vipera PLC | |
Marco Casartelli | Tel: +39 02 8688 2037 |
Martin Perrin | Tel: +44 (0) 207 193 0833 |
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Sanlam Securities UK Limited (Nomad and Broker) | Tel: +44 (0) 20 7280 8700 |
Simon Clements (Nomad) | |
Jamie Vickers (Broking) | |
Jamie Moyes (Baden Hill Sanlam) |
About Vipera:
Vipera Plc (AIM:VIP) a cutting edge Mobile Financial Services and Digital Customer Engagement Solutions provider, serves financial institutions worldwide with differentiated mobile banking, card management and customer engagement capabilities based around its proprietary bank grade multi-purpose platform, Motif. Additionally, it provides consultancy and other services to banks and financial institutions. Headquartered in London and Milan, Vipera powers one million end user financial applications for its top tier bank customers worldwide. For further information, please visit www.vipera.com