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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Capital Ideas | LSE:CAPT | London | Ordinary Share | GB0031453953 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.055 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:0703L Capital Ideas PLC 04 January 2008 CAPT.L Capital Ideas plc (the "Company" or "Capital Ideas") Trading Update The board of Capital Ideas is pleased to update shareholders on further recent progress. Disposal of shares in Primary Water plc On 2 January 2008, the Company disposed of 13,750,000 ordinary shares in Primary Water plc ("Primary Water") for a consideration of £290,000 after costs and commission. The Company acquired these ordinary shares through an investment of £50,000 in Primary Water in November 2007 and received further ordinary shares at that time in lieu of arrangement fees. Following the transaction, the Company retains a holding of 5,568,238 ordinary shares in Primary Water representing 1.72% of its issued share capital. Investment in Dateline Holdings plc On 21 December 2007, Capital Ideas invested £100,000 in Dateline Holdings plc ("Dateline Holdings"), acquiring a total of 7,770,000 ordinary shares at 1.29 pence per share in cash. This investment was part of a larger fundraising being undertaken by Dateline Holding pursuant to which it intends to raise up to £500,000. In relation to this fundraising, Capital Ideas received a further 5,833,333 ordinary shares in Dateline Holdings (which were also issued at 1.29 pence each) in lieu of arrangement fees totalling £75,250. Following the investment, Capital Ideas holds a total of 13,603,333 ordinary shares in Dateline Holdings, representing 11.66% of its issued share capital. Dateline Holdings is the holding company of Yoomedia Dating Group Limited ("YDG") which owns the online dating brand Dateline. YDG was recently acquired by Dateline Holdings pursuant to a management buy in from YooMedia plc. YDG operates one of the longest established dating businesses in the UK with over one million registered users. Summary The board of Capital Ideas is pleased to have realised a substantial profit, with its early exit from Primary Water. In addition, having appointed a new management team which they believe should be able to revitalise the Dateline brand, the directors are excited about the investment and shareholding in Dateline Holdings. For more information, please contact: Renwick Haddow Capital Ideas plc 020 7623 3345 Daniel Bate WH Ireland Limited 0161 832 2174 Ian Callaway SVS Securities plc 020 7638 5600 This information is provided by RNS The company news service from the London Stock Exchange END TSTUOUBRWARARAR
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