Back to all announcements

DJ Valiant Investments Plc Acquisition and Issue of Equity

 
TIDMVALP 
 
VALIANT INVESTMENTS PLC 
                         ("Valiant" or "the Company") 
 
                        Acquisition and Issue of Equity 
 
12 March 2018 
 
Valiant is pleased to provide the following update on its 84.7% owned 
subsidiary, Flamethrower plc, and to announce that it has raised funds of 
GBP51,000 by way of a placing of ordinary shares. 
 
FLAMETHROWER PLC 
 
ACQUISITION OF NATIONAL-PRESERVATION.COM 
 
Flamethrower plc ("Flamethrower") has acquired the website https:// 
www.national-preservation.com ("the website") for a cash consideration of 
$17,500. 
 
The website is a forum focussed primarily on British railway heritage, 
providing users a platform to discuss topics including: 
 
  * The history, sociology, and technology of narrow-gauge railways. 
 
  * The restoration, preservation, creation and exhibition of railway 
    locomotives, carriages, rolling stock, equipment, artefacts, documents and 
    records. 
 
  * Land, building, and structures associated with railways. 
 
  * Steam, diesel, and electric traction engines. 
 
  * Heritage railways and centres in the UK, international heritage railways/ 
    tramways, miniature railways, and model railways. 
 
National-Preservation.com was established in 2005, and has grown to become the 
leading forum for the discussion of railway and heritage topics in the UK, with 
just under 10,000 registered users. 
 
The website is monetized through publishing adverts, and has been acquired on 
an estimated earnings multiple of around 2.5. 
 
CONRAD WINDHAM, CHIEF EXECUTIVE OFFICER, SAID: 
 
"We are pleased to have acquired National-Preservation.com and to add another 
website to Flamethrower's growing portfolio. Heritage and nostalgia play an 
important role in the lives of many people, and National-Preservation.com is a 
platform that allows people to embrace the UK's rich heritage in the digital 
age. We look forward to further enhancing the enjoyment users get from the 
website in the weeks and months ahead." 
 
ISSUE OF EQUITY 
 
Valiant is pleased to advise that it has raised GBP51,000 by way of a placing of 
34,000,000 ordinary shares of 0.1p each at a price of 0.15p per share. The 
monies raised will provide Valiant with additional working capital. 
 
The new ordinary shares rank pari passu with the existing ordinary shares. 
 
Following this placing there are now 1,192,058,666 ordinary shares in issue, of 
which the Directors are interested in a total of 15,520,000 ordinary shares, 
representing 1.30% of the issued share capital. 
 
The Directors of Valiant accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Company 
Valiant Investments plc 
Conrad Windham 
Telephone: 01366 381541 
 
Corporate Advisor 
Peterhouse Corporate Finance Limited 
Guy Miller / Mark Anwyl 
Telephone: 020 7220 9796 
 
 
 
END 
 

(END) Dow Jones Newswires

March 12, 2018 11:53 ET (15:53 GMT)