Business
Increase in stake in Mediapol
Increase in stake in Mediapol.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n RNS Number : 6589Q Brainspark PLC 06 August 2010 \n \n\n6 August 2010\n \n \nBrainspark plc\n(\"Brainspark or the \"Company\")\n \n \nIncrease of stake in Mediapolis Investments S.A. \n \n \nKey Facts:\n \n· Brainspark has entered into agreements to acquire a further 33.25% equity interest in Mediapolis Investments S.A., taking its total equity interest to 55.34% of Mediapolis Investments S.A.;\n \n· Mediapolis Investments S.A. has a 69.94% equity interest in Mediapolis S.p.A., a company in which Brainspark also has a direct equity interest of 1.79%;\n \n· Alfredo Villa, CEO of Brainspark, has been appointed as Chairman of Mediapolis Investments S.A.; \n \n· Shareholders of Mediapolis Investments S.A. have approved the change of that company's name to B'Parks & Leisure S.A. (\"B'Parks & Leisure\"); and \n \n· B'Parks & Leisure are in discussions with a number of AIM Italia nominated advisers with a view to engaging on an Initial Public Offering of shares in B'Parks & Leisure on AIM Italia later this year. \n \nThe Board of Brainspark (AIM: BSP), the fast growing international investment company, is pleased to announce that it has entered into agreements to increase its equity interest in Mediapolis Investments S.A. (now re-named B'Parks & Leisure) to 55.34% through the acquisition of shares from certain vendors (the \"Acquisition\"). B'Parks & Leisure has a 69.94% equity interest in Mediapolis S.p.A. (\"Mediapolis\") which is the owner of a site in northern Italy with plans for the development of a theme park as described below (the \"Theme Park\"). B'Parks & Leisure has commenced discussions with a number of nominated advisers on AIM Italia, the recently launched growth market of Borsa Italiana, with a view to an IPO of its shares on AIM Italia later in the year.\n \nUnder the Acquisition, Brainspark has acquired a total of 145,400 ordinary shares in B'Parks & Leisure from certain vendors, for a total consideration of 3,600,000 new ordinary shares of 2.5 pence in Brainspark (the \"Consideration Shares\"), and €1,204,000 in cash (the \"Cash Consideration\"). The Cash Con...