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.
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