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IN BRIEF: Allied Minds completes disposal of Touch Bistro shareholding

Mon, 28th Mar 2022 09:05

Allied Minds PLC - Boston, Massachusetts-based intellectual property commercialisation company - Completes the disposal of its residual shareholding in Toronto-based software company TouchBistro Inc for CAD5.5 million, or GBP3.3 million. Says this is in line with its strategy to monetise its investment portfolio. Of the sale proceeds, CAD5.0 million has been received and CAD530,000 is to be held in escrow, with an initial release date in the third quarter of this year.

Current stock price: 20.47 pence, down 3.4% on Monday

12-month change: down 21%

By Abby Amoakuh; abbyamoakuh@alliancenews.com

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ALM.L Share News (ALM)

IN BRIEF: Allied Minds completes disposal of Touch Bistro shareholding

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

AGM, EGM Calendar - Week Ahead

FTSE 250 movers: Bank of Georgia higher on strong quarter

LONDON MIDDAY BRIEFING: M&S Rises, Burberry Hit By Currency Moves

CORRECT: LONDON MARKET COMMENT: Stocks Mixed As Greece Concerns Weigh

WINNERS & LOSERS: M&S Hits New 7-Year High, Burberry Falls

LONDON MARKET COMMENT: Stocks Mixed As Greece Concerns Weigh

Allied Minds shares tumble after institutional placing

London open: FTSE flat as blue chip earnings underwhelm, Vodafone rises on merger talk

LONDON MORNING BRIEFING: Weak Open For Market As Greek Debt Looms

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