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KRM22 ( (GB:KRM) ) has provided an announcement.
KRM22 plc has issued 70,093 new ordinary shares to partially satisfy a deferred consideration related to its acquisition of Object+. This decision to issue shares rather than pay cash is aimed at conserving cash within the company. The new shares represent 0.2% of the issued share capital and will begin trading on AIM on 21 March 2025. Following this issuance, the total number of shares in circulation will be 36,100,915. This strategic move allows KRM22 to maintain financial flexibility while fulfilling its acquisition obligations, potentially impacting shareholder calculations under FCA’s rules.
More about KRM22
KRM22 plc is a closed-ended investment company listed on AIM since April 2018, focusing on creating value through investments in technology and software companies, particularly in risk management for capital markets. The company offers a Global Risk Platform to help capital market firms manage trading and corporate risk, optimize risk management systems, and improve profitability by leveraging risk as a strategic advantage. KRM22 is headquartered in London with offices in major financial centers worldwide.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $12.16M
For a thorough assessment of KRM stock, go to TipRanks’ Stock Analysis page.