In an announcement this morning Monitise said that they are issuing and selling approximately 53m new shares at the current price of 28.5p. The majority will go to Visa Europe and Visa International but also some 28m to a number of large institutional directors who were not named. Visa is already a large shareholder , so this strengthens their position and shows confidence in Monitise technology and business expansion. This also confirms to me that this is a good time to buy.
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