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Divestment of Holding

9 Feb 2011 14:36

RNS Number : 9598A
Brainspark PLC
09 February 2011
 



9 February 2011

 

Brainspark plc

("Brainspark" or "the Company")

 

 

Divestment of Holding in Daniel Stewart Securities plc

 

Further to the announcement issued this morning by Daniel Stewart Securities plc ("DAN"), Brainspark, a fast growing international investment company, confirms that it has sold its entire holding of 75,000,000 DAN shares at 2p per share. Proceeds from the disposal will leave Brainspark with a stronger balance sheet and with funding to continue its growth strategy.

 

As a result of this transaction, Brainspark no longer has a notifiable interest in the share capital of DAN.

 

-ends-

 

For further information please contact:

 

 Brainspark plc +39 347 662 0664

 Alfredo Villa, Chief Executive

 

 Arbuthnot Securities +44(0) 20 7012 2000

 Antonio Bossi / Ed Groome

 

 Leander PR +44(0) 7795 168 157

 Christian Taylor-Wilkinson

 

 

 

About Brainspark Plc

Brainspark plc (AIM: BSP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the interactive media, leisure, entertainment and financial services sectors mainly in Italy but also other European countries. Its core investment is B'Parks & Leisure, the owner of a site in northern Italy with plans for the development of a large theme park. The company may be either a passive or active investor and Brainspark's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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