Holdings in Vyke Communications plc


 

TIDMBSP TIDMVYKE 
 
RNS Number : 3899S 
Brainspark PLC 
09 September 2010 
 

                                                               09 September 2010 
 
                                 Brainspark plc 
                        ("Brainspark" or the "Company") 
 
                      Holdings in Vyke Communications plc 
 
The Board of Brainspark (AIM: BSP), the fast growing international investment 
company, is today providing an update on its investment in Vyke Communications 
plc ("Vyke"). 
 
On 14 May 2010 the Company announced that it had acquired an 11.56% stake in the 
issued share capital of Vyke as part of a Placing announced by Vyke on 22nd 
April 2010. 
 
On 08 September 2010 Brainspark received a further 2,139,286 shares in Vyke at 
3.5p per share in lieu of GBP74,875.00 of fees due to Brainspark from Allenby 
Capital Limited in relation to the Company's original investment in Vyke. 
 
At the date of this announcement Brainspark owns 23,522,145 shares in Vyke, 
equivalent to a 12.71% interest in Vyke. 
 
For the twelve months to 31 December 2009 Vyke generated revenues of GBP11.17 
million, with a loss before tax of GBP5.82 million. Net assets of Vyke as at 31 
December 2009 were GBP13.08 million. 
 
For further information contact: 
 
+----------------------------------------+-----------------------------+ 
| Brainspark plc                         | +39 335 296 573             | 
+----------------------------------------+-----------------------------+ 
| Francesco Gardin, Chairman             |                             | 
+----------------------------------------+-----------------------------+ 
|                                        |                             | 
+----------------------------------------+-----------------------------+ 
| Allenby Capital Limited                | +44(0) 20 3328 5656         | 
+----------------------------------------+-----------------------------+ 
| Nick Athanas/James Reeve               |                             | 
+----------------------------------------+-----------------------------+ 
|                                        |                             | 
+----------------------------------------+-----------------------------+ 
| 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. Its core investment is 
B'Parks & Leisure, 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. 
About Vyke Communications Plc. 
Vyke is an AIM quoted, leading mobile Voice over Internet Protocol ("VoIP") 
provider and is headquartered in the UK with subsidiaries and offices in Norway, 
USA, Iceland and Malaysia. The strategic goal of Vyke is to combine its 
expertise in VoIP-based communication systems, mobile data service 
creation/handset technology and wholesale carrier network management to provide 
a converged communication solution. Vyke's current set of mobile-oriented 
products offers up to a 98% discount compared to current typical mobile operator 
pricing structures. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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