22 January 2018
visit http://response.ncr.com

AIT strengthens balance sheet with £2.74 million placing

15 January 2004  |  3338 views  |  0 AIT strengthens balance sheet with £2.74 million placing

UK CRM vendor AIT has raised approximately £2.74 million before expenses through an institutional share placement at a price of 60 pence per share.

One million pounds of the proceeds will be used to repay an oustanding IMA Loan Note, under a negotiated settlement between the firms that effectively clears a balance sheet liability of $3.5 million.

The remaining cash will be used to further strengthen AIT's balance sheet, says Nick Randall, chief executive officer of AIT.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

AIT Group increases turnover and moves into profit

AIT Group increases turnover and moves into profit

24 November 2003  |  3555 views  |  0 comments
Fiserv to distribute AIT's Portrait

Fiserv to distribute AIT's Portrait

16 October 2003  |  4251 views  |  0 comments
AIT reports modest trading profit

AIT reports modest trading profit

16 September 2003  |  3731 views  |  0 comments
AIT releases Portrait .NET upgrade

AIT releases Portrait .NET upgrade

14 July 2003  |  3926 views  |  0 comments
AIT losses grow as revenues dive

AIT losses grow as revenues dive

25 June 2003  |  3359 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.vasco.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
13241 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8448 views comments | 12 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
8360 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
7347 views 1 | 7 tweets | 2 linkedin

Featured job

Find your next job