Business
Increase of Holding in Mediapolis
Increase of Holding in Mediapolis.
About this update from Quantum Blockchain Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 9490D Brainspark PLC 31 March 2011 \n \n\n31 March 2011\n \nBrainspark plc\n (\"Brainspark\" or \"the Company\")\n \nIncrease in Holding in B'Parks & Leisure \nand Convertible Loan Interest\n \nBrainspark plc (AIM: BSP), a fast growing international investment company, announces that it has today agreed a contract with Gabbrielli & Associati of Milan to acquire 71,580 shares in B'Parks & Leisure S.A. (formerly Mediapolis Investments SA Luxembourg), equivalent to 16.37% of B'Parks & Leisure, taking Brainspark's holding in the company to 71.72%.\n \nConsideration for the acquisition will be satisfied by the issue of 2,015,000 Brainspark new ordinary shares, at a price of 50 pence per share.\n \nAdditionally, the Company has signed a formal agreement with the first nine partners of a consortium, which is being created to provide all the necessary services pertinent to the development, build and fit out of the Mediapolis theme park in Italy. \n \nFinally, with the agreement of the majority of investors in the Company's £10 million convertible bond, payment of interest due on 31 March 2011 and totalling £700,000 has been postponed until 30 June, in order to allow the Company to continue to pursue its acquisition strategy \n \nAlfredo Villa, Chairman and CEO of Brainspark, commented, \"The Mediapolis project remains our core asset and, over the past 18 months since our initial investment, we have been the driving force behind the development. Today's appointment of the partners in the consortium is a rewarding moment for us as it signifies the start of the next phase of this important project.\"\n \n-ends-\n \nFor further information please contact:\n \nBrainspark plc &...