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BigDish PLC - restaurant booking platform - Gives update after last week saying it signed letter of intent with central European investment group for USD5 million investment. Says if successful, investment will be made into special purpose vehicle. Vehicle would be separately incorporated company that would operate the BigDish platform in certain international markets, owned 80% by BigDish.
"This provides an exciting opportunity to create significant value without being dilutive to shareholders," says BigDish.
Current stock price: 1.75 pence
Year-to-date change: up 43%
By Lucy Heming; lucyheming@alliancenews.com
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