News and Announcements
Inabox Group welcomes M2 Telecommunications Group as substantial holder through IPO
- Published July 04, 2013 11:11AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Inabox Group Limited (‘IAB’ or ‘Inabox’) is pleased to confirm that M2 Telecommunications Group Ltd (‘M2’, ASX: MTU) has invested $2 million in Inabox under the terms of the Inabox Prospectus released in May 2013.
M2’s investment of 1,666,667 shares at $1.20 per share will provide M2 with a stake of around 12 per cent of the issued share capital of Inabox at the close of the Offer.
M2 is an existing supplier to Inabox and for many years there has been a good working relationship between the organisations.
To read the full media statement please click on the document below.
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