Plexure merger gets go-ahead from shareholders

Daniel Houden, the son of Task's founders, will become chief executive of the merged entity. (Photo: Supplied)

Sun, 26 Sep 2021

Plexure shareholders have voted in favour of a merger deal in which the company will pay $123 million to acquire transaction platform Task.The company also got approval for its A$20m capital raise made up of a A$15 million placement with institutional investors and a A$5 million retail offer which closed Friday.Both parts of the capital raise were conditional on getting shareholder approval in a special meeting held late Friday afternoon.Plexure chair Phil Norman said shareholder support demonstrated confidence in the future growth strategy.&ld...

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