Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is now considered to be in the public domain.
Craven House Capital plc
Investee company update: OneBas.Com Ltd.
Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company, provides the following update regarding its investee company OneBas.Com Ltd. ("OneBas"), following a review of the Company's investment portfolio in preparation of the publication of its Annual Report and Accounts for the year to May 2021.
The Board has today determined that, whilst there is the prospect of future value in the domain www.onebas.com, the lack of progress in delivering development and growth of this domain and the highly competitive sector in which it operates (the aggregation of freely available music content), the valuation of this investment should be fully impaired. This investment was previously valued at $1.6m.
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For further information please contact:
| Craven House Capital Plc Mark Pajak
| Tel: 0203 286 8130
|
| SI Capital Broker Nick Emerson | Tel: 01483 413500 |
|
SPARK Advisory Partners Limited Nominated Adviser Matt Davis/James Keeshan
|
Tel: 0203 368 3550
|
About Craven House Capital:
The Company's Investing Policy is primarily to invest in or acquire a portfolio of companies, partnerships, joint ventures, businesses or other assets participating in the e-Commerce sector.
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