Issue of Accounts and Restoration to Trading

RNS Number : 2336P

Brainspark PLC

30 September 2011

 



30 September 2011

Brainspark plc

("Brainspark" or "the Company")

Issue of Financial Accounts and Restoration to Trading on AIM

Brainspark plc (AIM: BSP), a fast growing international investment company, announces that it is in the process of preparing its full year accounts to 31 December 2010, as well as its interim accounts to 30 June 2011 and will update the market in due course.

Further to the announcement of 29 June 2011, referring to a possible acquisition of four Italian real estate assets in the leisure sector, Brainspark announces that it is now unlikely that such transaction, if completed, would constitute a reverse takeover. As a result, Brainspark expects that trading in its shares will be restored around the time when the full year and interim accounts are issued.

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For further information please contact:

Brainspark plc                                                   [phone]

Alfredo Villa, Chairman and CEO

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. 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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