14 June 2010
Venture Six Plc
Disposal of Investment
The Directors of Venture Six Plc (the "Company" or "Venture Six") wish to
announce that on 14 May 2010 the Company disposed of its entire shareholding in
Sparkle Marketing Limited ("Sparkle").
The shares were disposed of in repayment of Loan Notes to the amount of £
662,000 and other loans of £3,487. The transfer of the shares in Sparkle
represents full settlement of the capital amount and any interest due and
payable by the Company in respect of the Loan Notes.
The effect of this is that the Company registers a taxable loan relationship
credit of approximately £200,000, which will be offset by brought forward
unrelieved tax losses.
The Directors are now actively looking for a potential acquisition and new
financing for the Company.
THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS
ANNOUNCEMENT
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Enquiries:
Venture Six Plc 020 8371 3062
Ray Harris
Fisher Corporate Plc 020 7388 7000
Gary Miller