NZVIF takes ikeGPS stake inhouse after No 8 Ventures opts to distribute shares

Tue, 21 Jul 2015

By Paul McBeth July 21 (BusinessDesk) - The New Zealand Venture Investment Fund, the Crown-funded start-up investor, has taken its 7.1 percent stake in ikeGPS inhouse, after Number 8 Ventures opted to distribute the shares at the end of the remote measurement tool maker's lock-up period. The fund owns 3.5 million of the 50.1 million ikeGPS shares on issue, worth about $2.28 million at today's price of 65 cents per share. That stake had previously been held via No 8 Ventures Nominees and was distributed to the fund on June 25, according to...

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