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Drumz Plc to acquire a 20% stake in Acuity Risk Management Ltd

1 min read | September 07, 2020 07:42 PM BST | By Team Kalkine Media
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Drumz Plc (LON:DRUM) has made its first technology investment in Acuity Risk Management Ltd.

  • The company has made an investment of £500,000 in cash for an initial 20 per cent shareholding and is having an option to acquire another 5 per cent for an additional £125,000.
  • The investment was made after the change of investing policy of the company approved by shareholders on 30 June 2020.
  • Acuity Risk Management Ltd’s business is the supply of its proprietary software, STREAM™, an award-winning software business specialising in risk management.
  • On 7 September 2020, at the time of writing, GMT 09:46 AM, DRUM shares were trading at GBX 0.70, down by 0.05 points or 6.67% against the previous day closing price.

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