14 Sep 2010 12:30
14 September 2010
Brainspark plc
("Brainspark" or the "Company")
Holding in Company
The Board of Brainspark announces that they received notification on 07 September 2010 that, further to the announcement released by the Company on 05 March 2010, RCF SA ("RCF") ceased to have a beneficial interest in the share capital of Brainspark on 30 April 2010. This follows the sale of the ordinary shares in the Company held by RCF to retail clients of an institution. RCF is a portfolio management company of which Alfredo Villa, Chief Executive Officer of Brainspark, is Managing Director and discretionary fund manager.
RCF has a non-beneficial interest in 1,323,344 ordinary shares of 2.5 pence in the Company representing 10.08% of the current issued share capital of the Company.
Alfredo Villa is interested in 4,093,312 ordinary shares in the Company representing 31.19% of the current issued share capital of the Company. This comprises the beneficial interest of Alfredo Villa in 2,769,968 ordinary shares in the Company and the non-beneficial interest in 1,323,344 ordinary shares held by clients of RCF. Alfredo Villa is also a founder and director of charity Homes for Hope. Homes for Hope currently have a beneficial interest in 1,227,773 ordinary shares in Brainspark, equivalent to 9.36% of the total issued share capital of the Company.
For further information contact:
| Brainspark plc | +39 335 296 573 |
| Francesco Gardin, Chairman |
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| Allenby Capital Limited | +44(0) 20 3328 5656 |
| Nick Athanas/James Reeve |
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| Leander PR | +44(0) 7795 168 157 |
| Christian Taylor-Wilkinson |
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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.