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Vault Intelligence has new substantial shareholder in Regal Funds Management

The first tranche of a $5 million placement was issued late last week.
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The company makes software for the risk, environment, health and safety sector

Vault Intelligence Ltd (ASX:VLT) has a new substantial shareholder in well-known Australian funds manager, Regal Funds Management Pty Ltd.

Regal has a 10.16% interest through its 101.33 million shareholding.

The shareholding comes as a result of a recent share placement set to raise $5 million in total.

READ: Vault Intelligence raises $5 million from high-quality investors to fund Vault Solo roll-out

 

The placement shares were to be issued in two separate tranches, with the first tranche consisting of 134.8 million shares being issued last Friday.

The remaining 15.2 million shares will be issued pending shareholder approval at an upcoming general meeting.

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