Craven House Capital PLC Investee company update: Garimon Ltd (4982G)

TIDMCRV

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.

Ends

For further information please contact:

 
 Craven House Capital Plc            Tel: 0203 286 8130 
  Mark Pajak 
  www.Cravenhousecapital.com 
 SI Capital                          Tel: 01483 413500 
  Broker 
  Nick Emerson 
  www.sicapital.co.uk 
 
   SPARK Advisory Partners Limited     Tel: 0203 368 3550 
   Nominated Adviser 
   Matt Davis 
   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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November 15, 2022 09:42 ET (14:42 GMT)

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