14 Jun 2010 16:21
14 June 2010
Brainspark plc
("Brainspark" or "the Company")
Update re Share Consolidation
Further to the announcement released by Brainspark earlier today the Company is providing an update on the timetable for the share consolidation becoming effective. The Company's ordinary shares of 0.01 pence each will be cancelled from trading on AIM with effect from 4:30pm on Tuesday 15 June 2010 and the newly consolidated ordinary shares of 2.5 pence each will be admitted to trading on AIM with effect from 8.00am on Wednesday 16 June 2010."
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For further information please 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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Notes to Editors:
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 Mediapolis Investments SA, 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.
CLP.L (CLP)