30 September 2011
Brainspark plc
("Brainspark" or "the Company")
Issue of Financial Accounts and Restoration to Trading on AIM
Brainspark plc (AIM: BSP), a fast growing international investment company, announces that it is in the process of preparing its full year accounts to 31 December 2010, as well as its interim accounts to 30 June 2011 and will update the market in due course.
Further to the announcement of 29 June 2011, referring to a possible acquisition of four Italian real estate assets in the leisure sector, Brainspark announces that it is now unlikely that such transaction, if completed, would constitute a reverse takeover. As a result, Brainspark expects that trading in its shares will be restored around the time when the full year and interim accounts are issued.
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For further information please contact:
Brainspark plc +39 02 525 051
Alfredo Villa, Chairman and CEO
Arbuthnot Securities +44(0) 20 7012 2000
Antonio Bossi / Ed Groome
Leander PR +44(0) 7795 168 157
Christian Taylor-Wilkinson
About Brainspark Plc
Brainspark plc (AIM: BSP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the interactive media, leisure, entertainment and financial services sectors mainly in Italy but also other European countries. The company may be either a passive or active investor and Brainspark's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions.
This information is provided by RNS