(Alliance News) - Investment company CIP Merchant Capital Ltd said on Tuesday that it has acquired a further 7.5 million shares in Brave Bison Group PLC.
CIP Merchant purchased the shares for a total of GBP109,000 and it now holds a 7% stake, or 43.8 million shares, in the video network firm.
In July, CIP acquired a 6% stake in the company following a GBP600,000 transaction.
Shares in CIP Merchant were down 4.2% at 57.01 pence each in London on Tuesday morning and shares in Brave Bison were down 1.5% at 1.43p.
