THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.
Craven House Capital plc
Investee company update: Garimon Ltd
Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company, provides the following update regarding its investee company Garimon Ltd ("Garimon").
The management of Garimon has transferred out the domain name www.onebas.com to a separate entity, Stormfjord Ltd ("Stormfjord"). Stormfjord has subsequently raised $0.52m in cash at a valuation of $5m. Craven House did not participate in the fundraising and as a result, its shareholding in Stormfjord is 26.2%.
The www.onebas.com domain was transferred out of Garimon in order to facilitate further fundraising activity focused on the domain.
Craven House continues to own 29.9% of Garimon which owns the domain name www.magazinos.com.
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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
|
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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