Completion of Acquisition

RNS Number : 8488A

KRM22 PLC

03 June 2019

 

KRM22 plc

("KRM22" or the "Company")

Completion of Acquisition

KRM22 plc, (AIM: KRM) the technology and software investment company focused on risk management for capital markets, is pleased to announce that further to its announcement of 30 May 2019, the Company confirms that the Acquisition of Object+ Holding B.V. is now complete.

Accordingly, Admission of the 606,909 new Ordinary Shares pursuant to the Acquisition is expected to become effective on or around 4 June 2019 ("Admission"). Following Admission, KRM22 will have 18,866,969 Ordinary Shares in issue. All Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 18,866,969.

Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement titles Acquisition of Object+ on 30 May 2019 unless the context requires otherwise.

For further information please contact:

KRM22 plc                                                                                                                       [e-mail]

Keith Todd CBE, Executive Chairman and CEO

Karen Bach, COO

finnCap Ltd (Nominated Adviser and Sole Broker)                                                         [phone]

Carl Holmes / Kate Bannatyne / Matthew Radley

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

 

END

 

 

ACQLFFILRDIFIIA