From their website; which is timeweave.com and not the one listed above.

"Timeweave plc is a holding company listed on the UK Alternative Investment Market ‘AIM’. Previously known as Alphameric plc the Company changed its name in June 2010 following the sale of its principal trading business.

Today Timeweave plc’s principal assets are a 50% holding in Amalgamated Racing Limited ‘AMRAC’ and significant cash balances. AMRAC is a joint venture with Racecourse Media Services Limited (which is in turn owned by a number of the UK's foremost racecourses and Racecourse Investments Limited), which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices within the UK and the Republic of Ireland on its television channel, TurfTV.

It is the Board of Timeweave's intention to maximise returns for shareholders and to maintain a progressive dividend policy that sees the majority of profits made by the Company returned to its shareholders, subject always to the availability of distributable reserves

Going forwards it is the Board's intention to continue to maximise the returns that the Group receives from its investment in AMRAC

The Board will maintain a watching brief for other commercial or corporate opportunities that may enable the Group to add further value to its market proposition."

Fourayes on 11th April 2011

This ought to be put in to the company description, but the way seems blocked so I have stuck it here and hoped that someone will notice.

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