TIDMLEG

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 GBP259,770, 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 GBP94,000.

- ENDS -

 
                          Zafar Karim 
 Legendary Investments     / Thomas         020 8201 
  PLC                      Reuner            3536 
                          Colin Aaronson 
 Grant Thornton            / Harrison       020 7383 
  UK LLP                   Clarke            5100 
 Beaufort Securities                        020 7382 
  Limited                 Elliot Hance       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 GS1(1) and PEPPOL(2) 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

END

MSCUVRVRBKABUAR

(END) Dow Jones Newswires

July 25, 2017 11:11 ET (15:11 GMT)

Legendary Inv. (LSE:LEG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Legendary Inv. Charts.
Legendary Inv. (LSE:LEG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Legendary Inv. Charts.