Yolo Leisure and Technology raises capital; invests in Sparkledun

Writer, Stock Market Wire
Tuesday, February 5, 2019 - 09:40

Yolo Leisure and Technology said it had raised £0.3m from a share issue and would invest £0.1m in telecom technology group Sparkledun.

News shares in the company were issued at 3.75p each, an 11% premium to their closing price on Monday.

The company said its investment would give it 3.4% of Sparkledun share capital.

Sparkledun has developed a technology solution for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation.

At 9:40am: (LON:YOLO) Yolo Leisure And Technology Plc share price was 0p at 3.38p

Related content

Yolo Leisure and Technology losses deepen

Yolo Leisure and Technology fell deeper into the red as it booked a loss on the value of its investments.

Pre-tax losses for the year...

Wed, 20/03/2019 - 09:03

Yolo Leisure welcomes Simplestream video platform launch

Yolo Leisure and Technology noted that Simplestream had launched a new sport video platform.

This cloud-based, white label solution wold enables broadcasters, rights holders and...

Fri, 02/11/2018 - 08:32

YOLO reports income of £726,153, up from a loss

YOLO Leisure and Technology reported total comprehensive income of £726,153 in the year to 30 September 2017, up from a loss of £621,530 in 2016....

Fri, 22/12/2017 - 07:55

Yolo makes bold claim


Tech and leisure investor Yolo Leisure and Technology (YOLO:AIM) says one of its investee companies is launching a streaming music service to challenge...

Thu, 24/08/2017 - 01:00

YOLO updates on Electric Jukebox's successful launch

Yolo Leisure (YOLO) has updated on the successful UK launch of Electric Jukebox by Magic Works, new distribution agreements and the development of new products...

Wed, 25/01/2017 - 09:18