Best gambling specialist..probably12 Feb 2008 18:45
In a private 3.4million share placing with IPGL Ltd, a powerful strategicinvestor, whose majority shareholders include Michael Spencer, chief Exec Officer of ICAP plc, and his wife and family trusts. Raised some £1.7Mns to fund working capital. IPGL now holds 15.3% of the enlarged issued share cap base. IPGL also has the option to nominate a an appropriate member to the Board of PBTY, Mathew Wreford director of IPGL looks the likely candidate. PBTY could become a major player in the growth area of mobile phone gaming, and PBTY could become a substantial business. With only 21.5millions isc, there is potential for some serious sp upside on any major share buying pressure.