Receipt of Cash

RNS Number : 5248V

Spark Ventures PLC

14 January 2013

 



SPARK Ventures plc

("SPARK" or the "Company")

Receipt of Cash

The Company is pleased to announce that £2.58 million was received today from the liquidator of Wycombe AS Realisations Ltd (formerly Aspex Semiconductor Limited) ("Aspex"). This is the first payment to shareholders of Aspex by the liquidators since their appointment in November 2012.

The receipt ensures that SPARK will be able to proceed with the Enhanced Return of 2.5 pence per Existing Ordinary Share (in aggregate approximately £10.27 million) and accordingly Resolutions 1 and 2 are to be withdrawn from the Annual General Meeting of the Company to be held at 10.00 a.m. on Friday 18 January 2013 at the offices of Bracher Rawlins LLP, 77 Kingsway, London WC2B 6SR.

For further information, please contact:

SPARK Ventures plc	Andrew Betton / David Potter	020 7851 7777
finnCap	Matt Goode / Christopher Raggett	020 7220 0500

Capitalised terms used in this announcement have the meaning given to them in the circular to Shareholders dated 19 December 2012.

finnCap Ltd, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for SPARK Ventures plc and is acting for no-one else in connection with the Return of Cash and will not be responsible to anyone other than SPARK Ventures plc for providing the protections afforded to clients of finnCap Ltd nor for providing advice in connection with the Return of Cash or any other matter referred to herein.

 

END

 

 

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