Update re Share Consolidation

RNS Number : 5893N

Brainspark PLC

14 June 2010

 



14 June 2010

Brainspark plc

("Brainspark" or "the Company")

Update re Share Consolidation

Further to the announcement  released by Brainspark earlier today the Company is providing an update on the timetable for the share consolidation becoming effective. The Company's ordinary shares of 0.01 pence each will be cancelled from trading on AIM with effect from 4:30pm on Tuesday 15 June 2010 and the newly consolidated ordinary shares of 2.5 pence each will be admitted to trading on AIM with effect from 8.00am on Wednesday 16 June 2010."

-ends-

For further information please contact:

Brainspark plc	[phone]
Francesco Gardin, Chairman
Allenby Capital Limited	[phone]
Nick Athanas/James Reeve
Leander PR	[phone]
Christian Taylor-Wilkinson

Notes to Editors:

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. Its core investment is Mediapolis Investments SA, the owner of a site in northern Italy with plans for the development of a large theme park. 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.

 

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