NFT Investments3 Dec 2021 08:02
https://twitter.com/proactive_UK/status/1466673581350440961?s=20
Kodoku was wholly acquired by Pioneer on 30 November, as a result of which NFT has become a 3 per cent equity holder in Pioneer Media. Based on Pioneer's closing share price of 101.5p on 2 December 2021, NFT's holding of 2,000,000 shares is valued at £2.0 million. This, when combined with the CAD $212,500 (£125,000) the Company has received from Pioneer, delivers an approximately 4-fold return on its investment in Kodoku.
Jonathan Bixby, Executive Chairman of NFT Investments, said: "We are moving at high-speed to support the growth of a range of innovative businesses that are positioned to benefit from the long-term growth of the NFT market. This is also providing NFT with the opportunity to generate excellent returns on its investments as shown by the takeover of Kodoku. I look forward to supporting Kodoku's growth in order to build further value in the business over the long term."