REG - Craven House Capital - Portfolio Update

Craven House CapitalAnnouncement

03/03/2023 18:15

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RNS Number : 9177R  Craven House Capital PLC  03 March 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

Craven House Capital plc

Portfolio Update

 

Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted
investment company provides this update regarding the following investee
companies:

Stormfjord Ltd ("Stormfjord")

The Company has been informed that Stormfjord, the owner of www.onebas.com
raised $100,000 on 1st March 2023 at a valuation of $28,000,000.

Craven House originally acquired a 29.9% stake in Onebas.com Ltd (the previous
legal entity under which the domain Onebas.com was owned) on 13 March 2020 for
a consideration of $1,600,000 via a share subscription for 800,000 ordinary
shares in the Company priced at $10.00 per share. This valued Onebas.com Ltd
at $5.35m.

Following completion of the fundraising, Craven House's holding of 29,900,000
shares represents 25.5% of Stomfjord.

Rosedog Ltd ("Rosedog")

The Company has been informed that Rosedog, the owner of www.tvzinos.com
raised $70,000 on 1st March 2023 at a valuation of $28,000,000.

Craven House originally acquired a 29.9% stake in Rosedog on 13 March 2020 for
a consideration of $1,600,000 via a share subscription for 800,000 ordinary
shares in the Company priced at $10.00 per share. This valued Rosedog Ltd at
$5.35m.

Following completion of the fundraising, Craven House's holding of 29,900,000
shares represents 28.6% of Rosedog.

Bio Vitos Ltd ("Bio Vitos")

The Company has been informed that Bio Vitos raised $13,000 on 1st March 2023,
at a valuation of $10,000,000.

Craven House originally acquired a 29.9% stake in Bio Vitos (previously called
YRRO Ltd) on 13 March 2020 for a consideration of $1,600,000 via a share
subscription for 800,000 ordinary shares in the Company priced at $10.00 per
share. This valued Bio Vitos at $5.35m.

Following completion of the fundraising, Craven House's holding of 14,708,700
shares represents 24.5% of Bio Vitos.

~ Ends ~

 

For further information please contact:

 Craven House Capital Plc                                        Tel: 0203 286 8130
 Mark Pajak
 www.Cravenhousecapital.com (http://www.Cravenhousecapital.com)
 Tel: 0203 286 8130

 SI Capital                                                      Tel: 01483 413500
 Broker
 Nick Emerson
 www.sicapital.co.uk

 SPARK Advisory Partners Limited                                 Tel: 0203 368 3550
 Nominated Adviser
 Matt Davis/James Keeshan
 www.Sparkadvisorypartners.com

 

About Craven House Capital plc: 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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