- February 28, 2017
LONDON (Alliance News) – Sealand Capital Galaxy Ltd said its shares have been re-admitted to trading on Tuesday after the company launched a placing and acquired a company in a cash and share deal.
Sealand, focused on investing in social media, said it has been re-admitted after conducting a placing of 7.0 million shares at 20.0 pence per share. That placing was published in a prospectus published last Wednesday.
In addition, it has acquired SecureCom Media Holdings Ltd for GBP1.0 million in cash and by issuing 10.0 million shares at the same 20 pence per share price. No other details on the placing or acquisition were disclosed.
The acquisition was the reason for shares being suspended in March 2016.
Sealand said it has also appointed Nicholas Lyth as a non-executive director and Ka Fai Lam as an executive director.
Sealand shares were untraded, last trading at 13.90 pence.
By Joshua Warner; [email protected]; @JoshAlliance
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