Enprise Group Limited logo

Increase in Datagate investment

M&A23 November 2022ENSInformation Technology

23 November 2022

Enprise Group increases Datagate holding


AUCKLAND, 23 November 2022 - Enprise Group (NZX: ENS) has paid

NZ$259,308 to participate in a Datagate Innovation rights issue.


Enprise Group participated in an over-subscribed NZ$500,000 capital raise for

Datagate, which raised NZ$750,000. Datagate also converted the notes from

December 2021 resulting in Enprise receiving 237,472 shares. Datagate is a cloud

telecommunications billing solution for managed service providers (MSPs).


Enprise Group’s share of Datagate is now 32.03%. If Enprise Group’s 2,340,479

shares in Datagate were valued at the November 2022 rights issue price of $2.80

per share, the value of the investment would be $6,553,341.



Elliot Cooper

Chief Executive Officer

Enprise Group Limited

0275615501


Ends.

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

Other issuers discussed similar conditions around this time

Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.