Conister Trust, which today ( Monday November 12th) has moved into new custom made offices in the Isle of Man Business Park, has raised over
7 million pounds by selling more than 8 million shares at 85 pence each to Helvetica Strategic Holdings. .
It will give Helvetica a 16.5% share holding.
The firm says it is to use the proceeds to fund the development costs of the
prepaid card business, new banking initiatives and to strengthen the balance
sheet.
Island to host Inter-Celtic Business Forum
Event on 16 April to bring nations together to 'share ideas'
Post Office reports stronger profits but warns of major changes
Organisation remains financially stable as letter volumes fall and government services are set to be withdrawn
Food wholesaler to close after 55 years
KC Foods has been in business on the Island since 1971
Manx Radio reports financial loss amidst ‘continued market uncertainty’
Loss of around £20k reported by national broadcaster
