Divestment of Holding

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.

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For further information please contact:

 Brainspark plc                                                    [phone]

 Alfredo Villa, Chief Executive

 Arbuthnot Securities                                           [phone]

 Antonio Bossi / Ed Groome

 Leander PR                                                        [phone]

 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.

 

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