6pm Holdings plc - Acquisition of shareholding in Softweb

On 28 December, 6pm Holdings plc confirmed the acquisition of a 70% equity stake in Softweb Ltd – a leading player in the local ICT industry providing software solutions in the fields of accounting, insurance, shipping, human resources, payroll and point of sale. This acquisition was funded through the capitalisation of a balance due by Softweb to 6pm amounting to €105,000.

As a majority shareholder of Softweb, 6pm is now entitled to nominate and appoint three directors to the Board of Softweb with the other shareholders entitled to nominate and appoint another Director. 6pm have appointed Ivan Bartolo, Stephen Chetcuti and Peter Bugeja as Directors of Softweb.

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