Investment Update

RNS Number : 3319R

YOLO Leisure & Technology PLC

20 September 2017

 

YOLO Leisure and Technology plc

("YOLO" or the "Company")

Realised gains

Yolo announces that it has sold 1,743,023 shares in GFinity (GFIN.L) for net proceeds of £445,357, crystallising a gain of £148,707 against the original cost of investment and a gain of £122,898 against the carrying value of these shares as at 31 March 2017.  The Company continues to hold 400,000 shares in GFinity at a book value of £68,000.00. The Company currently has no immediate plans to dispose of the remaining shares.

Yolo intends to use the net proceeds of the disposal for further investment opportunities.

YOLO Leisure and Technology plc
Simon Lee Robinson	[e-mail]
Cairn Financial Advisers LLP
Sandy Jamieson, Emma Earl	Tel: [phone]
Peterhouse Corporate Finance Limited (Sole broker)
Duncan Vasey / Lucy Williams	Tel: +  44 20 7220 9797
Walbrook PR Ltd	Tel: [phone] or [e-mail]
Paul McManus	Mob: [phone]
Sam Allen	Mob: [phone]

 

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