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Legendary Invest PLC (LEG)

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Tuesday 25 July, 2017

Legendary Invest PLC

Legendary increases stake in VS

RNS Number : 0640M
Legendary Investments PLC
25 July 2017
 

25 July 2017

Legendary Investments PLC
("Legendary" or the "Company")

Legendary increases stake in Virtual Stock Holdings Limited

Legendary announces that following the investment by Notion Capital into Virtual Stock Holdings Limited ("VS"), announced on 17 July 2017, Legendary has increased its stake in VS from 6.8% to 7.2% for a total consideration of £259,770, which has been satisfied through Legendry's existing cash reserves.

In accordance with Schedule Four of the AIM Rules, the Company provides the following further information:

For the year ended 31 March 2016, VS had losses of £94,000.

 

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Legendary Investments PLC

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson / Harrison Clarke

 

020 7383 5100

Beaufort Securities Limited

Elliot Hance

020 7382 8300

 

About Virtualstock Holdings Limited

Virtualstock is a leading British SaaS company that aims to transform global enterprise supply chains and marketplaces. Its flagship product The Edge has been successful in delivering supply chain optimisation for leading retailers, the NHS, suppliers and, ultimately, their customers.

The Edge delivers best-in-class eProcurement functionality, including an Amazon-style B2B marketplace, full procure-to-pay (P2P), product information management (PIM), catalogue management, order management, inventory management, e-invoicing, track and trace, and analytics. The platform is GS11 and PEPPOL2 certified.

1 GS1 is an international organisation that develops and maintains supply chain standards in healthcare, retail, transport and logistics and more.

2 PEPPOL (Pan European Public Procurement On-Line) is a system which provides organisations and its suppliers with a standardised connection for eOrdering, eInvoicing, electronic Credit Notes and Advance Shipping Notifications.

www.virtualstock.co.uk

About Legendary Investments PLC:

Legendary Investments PLC is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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