20 September 2017
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.
For further information please contact:
|YOLO Leisure and Technology plc|
|Simon Lee Robinson||[email protected]|
|Cairn Financial Advisers LLP|
|Sandy Jamieson / Emma Earl||Tel: +44 20 7213 0880 7900|
|Peterhouse Corporate Finance Limited (Sole broker)|
|Duncan Vasey / Lucy Williams||Tel: + 44 20 7220 9797|
|Walbrook PR Ltd||Tel: +44 20 7933 8787
or [email protected]
|+44 7980 541 893
+44 7884 664 686