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Investment in Sportsdata Limited

23 Dec 2014 08:00

GUSCIO PLC - Investment in Sportsdata Limited

GUSCIO PLC - Investment in Sportsdata Limited

PR Newswire

London, December 23

23 December 2014 Guscio PLC ("Guscio" or the "Company" or the "Group") Investment in Sportsdata Limited The Company is pleased to announce that, in line with its investing policy thatwas approved by shareholders on 8 September 2014, it has entered into anagreement to provide a £125,000 nominal unsecured Convertible Loan Note (the"Loan") to Sportsdata Limited ("Sportsdata" or the "The Borrower"). Sportsdata, a recently incorporated private technology company, has developedand implemented a website application for the purposes of monitoring andimproving the physical literacy of children. The website had been developedwith Youth Sports Trust ("YST"), a leading charity for sports-driven andeducational programmes, who have developed the educational content. Theresulting programme, with which Sportsdata has entered into a collaborationagreement with, is Skills2Achieve. The principle objective of the collaborationagreement between Sportsdata and YST is to sell a license to primary schoolsthroughout the United Kingdom, enabling them to operate the website via theSkills2Achieve Programme. This collaboration agreement between the two partiesin conjunction with the well-established presence of YST in the primary schoolsector, suggests a highly beneficial competitive advantage in successfullysecuring licenses with primary schools. The Convertible Loan Note is repayable on the first anniversary of drawdown andhas an annual interest rate of five per cent. which is payable on a quarterlybasis. The Company is entitled to convert the Loan into ordinary shares("Ordinary Shares") of Sportsdata at a valuation equivalent to £1.125 million(the "Conversion Price"). Further to this, the conversion agreement alsoincorporates anti-dilution provisions in the event Sportsdata raises capitalfrom other sources. FOR FURTHER INFORMATION, PLEASE CONTACT: For further additional information please contact: Guscio PLCTony Humphreys / Marcus Yeoman 020 3053 1897 Sanlam Securities UK LimitedSimon Clements / Virginia Bull 020 7628 2200 Peterhouse Corporate Finance LimitedLucy Williams / Eran Zucker 020 7469 0936
Date   Source Headline
4th Mar 20167:00 amPRNCancellation of trading in Guscio shares on AIM
29th Oct 20159:04 amPRNLoan to Sportsdata Limited
8th Oct 201510:34 amPRNHolding(s) in Company
2nd Oct 20153:45 pmPRNIssue of Equity
9th Sep 20157:00 amPRNSuspension of trading on AIM
1st Sep 20151:06 pmPRNResult of General Meeting
11th Aug 20157:00 amPRNNotice of General Meeting
4th Jun 20152:00 pmPRNInterim Results
4th Jun 20157:00 amPRNLoan to Sportsdata Limited
16th Apr 201511:43 amPRNDirectorate Change
30th Mar 20153:13 pmPRNHolding(s) in Company
27th Mar 20154:19 pmPRNIssue of Equity
25th Mar 20152:22 pmPRNResult of AGM
11th Mar 20157:00 amPRNDirector/PDMR Shareholding
25th Feb 201510:13 amPRNInvestment in Sportsdata Limited
25th Feb 20157:00 amPRNHolding(s) in Company
19th Feb 201510:45 amPRNHolding(s) in Company
18th Feb 20153:10 pmPRNPosting of Results and Notice of AGM
17th Feb 20153:51 pmPRNIssue of Equity and Holding in Company
12th Feb 20157:00 amPRNHolding(s) in Company
11th Feb 201510:47 amPRNHolding(s) in Company
9th Feb 20154:23 pmPRNIssue of Equity
9th Feb 20152:19 pmPRNIssue of Equity
9th Feb 20157:00 amPRNUnaudited Preliminary Results
2nd Feb 20152:45 pmPRNIssue of Equity
26th Jan 20157:00 amPRNDirectorate Change
31st Dec 20147:00 amPRNIssue of Equity
29th Dec 20149:41 amPRNHolding(s) in Company
23rd Dec 20148:00 amPRNInvestment in Sportsdata Limited
27th Nov 201410:58 amPRNStatement re Share price movement
6th Nov 20142:06 pmPRNHolding(s) in Company
31st Oct 201411:18 amPRNTotal Voting Rights
29th Oct 20149:26 amPRNIssue of Equity
27th Oct 20142:59 pmPRNResult of Meeting
13th Oct 20141:28 pmPRNHolding(s) in Company
8th Oct 20141:45 pmPRNIssue of Equity
19th Sep 201410:01 amPRNHolding(s) in Company
16th Sep 20147:00 amPRNHolding(s) in Company
8th Sep 20144:25 pmPRNResult of Meeting
12th Aug 20147:00 amPRNIssue of Equity amended to include the disposals
5th Aug 20149:13 amPRNChange of Registered Office
29th Jul 20147:30 amRNSRestoration - Talent Group plc
29th Jul 20147:00 amPRNLifting of Suspension
27th Jun 20149:31 amPRNInterim Results for 6 months ended 31 March 2014
16th Jun 20147:00 amPRNFinal results for the year ended 30 September 2013
16th Jun 20147:00 amPRNFinal Results
1st Apr 20147:00 amPRNAdjournment of AGM
21st Mar 20147:30 amRNSSuspension - Talent Group plc
21st Mar 20147:30 amPRNStatement re Suspension
11th Mar 20148:26 amPRNNotice of AGM

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