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Spark to make 2p return

Mon, 20th Jul 2009 12:40

Internet investor Spark Ventures is to return 2p per share to investors and realise the rest of its investments by 2014 after a strategic review. It will stop making any new investments and will sell the management company through an MBO.Net asset value per share fell by 6% from 15.5p to 14.6p in the year to March. Cash reserves remained stable at £17.6m (March 2008: £17.2m), but with the restricted cash component rising from £2.9m to £3.2m. After the cash return, Spark will retain free cash of £6m.Fund management operations continue to be cash positive and the operating loss for the period fell by 82%. Pre-tax losses were £3.7m compared with a profit of £5.86m.

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15 Oct 2015 08:09

SPARK Ventures To Change Name Following Partnership With Gresham House

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Spark Ventures Raises Another GBP0.5 Million From Open Offer (ALLISS)

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DIRECTOR DEALINGS SUMMARY: New Dotdigital CEO Buys 85,500 Shares

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Spark Ventures SettlesDispute With Co-Founder For Undisclosed Sum

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27 Jun 2014 11:33

SPARK Ventures raises £3m from IMI mobile IPO

SPARK Ventures' part-owned mobile communications services provider IMImobile(IMI) floated on the AIM market on the London Stock Exchange on Friday. IMI raised £30m before expenses through the issue of 25m shares at 120p each. Early-stage venture capital company SPARK sold around a fifth of its hol

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