Proactive Investors - Run By Investors For Investors

ShareRoot receives funding from European parliament member

The company is working on the development and implementation of a new sharper vision and business plan.
toy blocks that read the word funding
The company recently appointed a new CEO in Michelle Gallaher

ShareRoot Ltd (ASX:SRO) has received $200,000 funding in the form of a convertible loan agreement with its major shareholder, Antanas Guoga (Tony G).

Tony G became a major shareholder when his stake increased to 6.8% back in December 2018.

He is a member of the European parliament and has been actively involved in the EU’s General Data Protection Regulation (GDPR) legislation which came into effect in May 2018.

READ: ShareRoot appoints Michelle Gallaher CEO, new business plan to be released

The loan, which expires on 30 March 2020 has interest payable of 8% per annum on a six monthly basis and may be converted to shares priced at 0.1 cents.

Last month, ShareRoot appointed Michelle Gallaher as its CEO.

Gallaher was been promoted from managing director of The Social Science (TSS), a specialist social media marketing agency that was acquired by ShareRoot in April 2018.

View full SRO profile View Profile

ShareRoot Ltd Timeline

Related Articles

plasma torch
May 03 2019
PyroGenesis harnesses the unique properties of thermal plasma to melt and transform metal, carry out high temperature chemical reactions and convert waste into energy
iphone with apps
May 16 2019
The California-based telehealth company is seeking to raise $6 million to scale up its proprietary platform over the next 60 to 90 days
electric vehicle charging
January 04 2019
AMP wants to add 25 sites in Greater London and extend its reach into the North-West around Liverpool and Manchester
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use