3 Mar 2023 18:15
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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Craven House Capital plc
Portfolio Update
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Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company provides this update regarding the following investee companies:
Stormfjord Ltd ("Stormfjord")
The Company has been informed that Stormfjord, the owner of www.onebas.com raised $100,000 on 1st March 2023 at a valuation of $28,000,000.
Craven House originally acquired a 29.9% stake in Onebas.com Ltd (the previous legal entity under which the domain Onebas.com was owned) on 13 March 2020 for a consideration of $1,600,000 via a share subscription for 800,000 ordinary shares in the Company priced at $10.00 per share. This valued Onebas.com Ltd at $5.35m.
Following completion of the fundraising, Craven House's holding of 29,900,000 shares represents 25.5% of Stomfjord.
Rosedog Ltd ("Rosedog")
The Company has been informed that Rosedog, the owner of www.tvzinos.com raised $70,000 on 1st March 2023 at a valuation of $28,000,000.
Craven House originally acquired a 29.9% stake in Rosedog on 13 March 2020 for a consideration of $1,600,000 via a share subscription for 800,000 ordinary shares in the Company priced at $10.00 per share. This valued Rosedog Ltd at $5.35m.
Following completion of the fundraising, Craven House's holding of 29,900,000 shares represents 28.6% of Rosedog.
Bio Vitos Ltd ("Bio Vitos")
The Company has been informed that Bio Vitos raised $13,000 on 1st March 2023, at a valuation of $10,000,000.
Craven House originally acquired a 29.9% stake in Bio Vitos (previously called YRRO Ltd) on 13 March 2020 for a consideration of $1,600,000 via a share subscription for 800,000 ordinary shares in the Company priced at $10.00 per share. This valued Bio Vitos at $5.35m.
Following completion of the fundraising, Craven House's holding of 14,708,700 shares represents 24.5% of Bio Vitos.
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For further information please contact:
Craven House Capital Plc | Tel: 0203 286 8130 |
Mark Pajak | |
www.Cravenhousecapital.com | |
Tel: 0203 286 8130 | |
SI Capital | Tel: 01483 413500 |
Broker | |
Nick Emerson | |
www.sicapital.co.uk | |
SPARK Advisory Partners Limited | Tel: 0203 368 3550 |
Nominated Adviser | |
Matt Davis/James Keeshan | |
www.Sparkadvisorypartners.com |
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About Craven House Capital plc: The Company's Investing Policy is primarily to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses or other assets participating in the e-Commerce sector.