Venture Life completes equity issue to Vantage Link
International consumer self-care group Venture Life announced that it is issuing 5,000 new 0.3p ordinary shares to Vantage Link.
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The AIM-traded firm said the issue was pursuant to an agreement entered into between the company and Vantage Link in November 2013, which provided for Vantage Link to be issued with a predetermined number of shares at par value following both the signing of a 30 year distribution agreement, and the achievement of more than €400,000 of revenue by Venture Life from the agreement being fulfilled by the company.
“No further issues of equity to Vantage Link are anticipated under the existing agreement between the company and Vantage Link,” Venture Life confirmed in a statement.