REG - Craven House Capital - Investee company update: Garimon Ltd

Craven House CapitalAnnouncement

15/11/2022 14:45

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RNS Number : 4982G  Craven House Capital PLC  15 November 2022

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION
(EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE
OF THE EU (WITHDRAWAL) ACT 2018.

Craven House Capital plc

 Investee company update: Garimon Ltd

Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted
investment company, provides the following update regarding its investee
company Garimon Ltd ("Garimon").

The management of Garimon has transferred out the domain name www.onebas.com
to a separate entity, Stormfjord Ltd ("Stormfjord"). Stormfjord has
subsequently raised $0.52m in cash at a valuation of $5m. Craven House did not
participate in the fundraising and as a result, its shareholding in Stormfjord
is 26.2%.

The www.onebas.com domain was transferred out of Garimon in order to
facilitate further fundraising activity focused on the domain.

Craven House continues to own 29.9% of Garimon which owns the domain name
www.magazinos.com.

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 For further information please contact:

 Craven House Capital Plc                                                Tel: 0203 286 8130

 Mark Pajak

 www.Cravenhousecapital.com (http://www.cravenhousecapital.com/)

 SI Capital                                                              Tel: 01483 413500

 Broker

 Nick Emerson

 www.sicapital.co.uk (http://www.sicapital.co.uk/)

 SPARK Advisory Partners Limited                                         Tel: 0203 368 3550

 Nominated Adviser

 Matt Davis

 www.Sparkadvisorypartners.com (http://www.sparkadvisorypartners.com/)

 

About Craven House Capital:

The Company's Investing Policy is primarily to invest in or acquire a
portfolio of companies, partnerships, joint ventures, businesses or other
assets participating in the e-Commerce sector.

 

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