Dispersion Holdings - Update on investment into SportsX
23/12/2021 13:25
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RNS Number : 6687W Dispersion Holdings PLC 23 December 2021
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Press Release
23 December 2021
Dispersion Holdings PLC
("Dispersion" or "The Company")
Update on investment into SportsX
Dispersion (AQSE: DEFI), an investment company specialising in decentralised
finance ("DeFi"), is pleased to update the market concerning its equity
investment of €250,000 into SportsX SAS ("SportsX"), a technology and
services platform for amateur and semi-pro sports clubs around the world,
which was announced on 25 May 2021.
Following the investment, the Company exchanged its 62.5 million shares in
SportsX for 62.5m shares in ChallengerX plc, a newly incorporated holding
company, which has today been admitted to trading on the AQSE Growth Market
Access Segment ("Admission") with the ticker CXS. Concurrent with Admission,
ChallengerX plc completed a subscription at 2p per share, valuing it at
£5.75m.
Dispersion now holds 21.73% of the enlarged share capital of ChallengerX plc,
valued at £1.25m based on the subscription price, which represents a 478%
increase compared with the carrying value of £216,413.
Phil Blows, Chief Executive of Dispersion, said: "We congratulate ChallengerX
on its IPO and look forward to its continued development."
The directors of Dispersion Holdings plc accept responsibility for this
announcement.
For further information please contact:
Dispersion Holdings
Philip Blows via Tancredi +44 207 887 7633
Chief Executive
Neil Thapar +44 7876 455 323
Investor Relations
Tennyson Securities
Corporate Broker
Peter Krens +44 207 186 9030
Novum Securities
AQSE Corporate Adviser +44 207 399 9400
David Coffman / Lucy Bowden
Broker
Colin Rowbury / Jon Belliss
Tancredi Intelligent Communication
Media Relations
Edward Daly +44 7861 430 057
Charlie Hobbs +44 7897 557 112
dispersion@tancredigroup.com (mailto:dispersion@tancredigroup.com)
About Dispersion Holdings PLC:
Dispersion Holdings is an incubator specialising in opportunities in
decentralised finance (DeFi), a disruptive technology using blockchain and
cryptocurrencies to remove financial intermediaries from transactions,
creating a cheaper, more efficient and more secure way of providing financial
services. Listed on the Aquis Exchange in London, we apply our expertise to
the business operations and strategic plans of FinTech companies in the UK,
USA and Canada, and act as an accelerator for start-ups and early-stage
companies. www.dispersionholdings.com (http://www.dispersionholdings.com)
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