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ShareRoot well-known major shareholder increases stake

The shareholder has been busily increasing his stake over the past six months.

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The substantial shareholder now has 155.6 million in the Silicon Valley-based company

ShareRoot Ltd (ASX:SRO) major shareholder Antanas ‘Tony’ Guoga has increased his stake in the company to 9.92% from 7.58%.

Guoga increased his stake by purchasing 39.9 million shares priced at 0.2 cents each through on-market trades.

READ: ShareRoot appoints Tony G to advisory board as it rolls out MediaConsent platform

Guoga is a well-known Lithuanian businessman and is a Member of the European Parliament.

He is an internet entrepreneur having founded numerous technology and crypto businesses across Europe in online gaming, entertainment, sports as well as being a successful investor in emerging companies, particularly in the technology sectors.

ShareRoot’s MediaConsent platform is a solution for companies aiming to be compliant with consumer data privacy regulations such as the GDPR.

The General Data Protection Regulation (GDPR) is a pioneering regulation in law made by the European Parliament of which Guoga is a member.

READ: ShareRoot collaborates to support cancer research with MediaConsent

ShareRoot has three platforms: - its legal rights management UGC platform, MediaConsent platform, and The Social Science.

The legal rights management user-generated content (UGC) platform protects against unauthorised use of people’s social and digital content with clients including Johnson & Johnson, Singapore Tourism Board, and Costco.

MediaConsent is a platform which is the first platform to give consumers and citizens control of their data and privacy through a preference and consent management dashboard.

Thirdly, The Social Science is a profitable social media marketing agency.

ShareRoot's global business is ideally positioned at the right time to solve the issues faced by consumers and companies in data and privacy in digital marketing.

Quick facts: ShareRoot Ltd

Price: 0.002 AUD

ASX:SRO
Market: ASX
Market Cap: $5.92 m
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