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1166: Martin Higginson of Immotion discusses sale of the LBE for $25m & the next stage in the company's exciting journey

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Manage episode 354384607 series 2936804
Konten disediakan oleh jruss88 and Vox Markets Podcast. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh jruss88 and Vox Markets Podcast atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang dijelaskan di sini https://id.player.fm/legal.
Martin Higginson, CEO of Immotion #IMMO discusses the sale of their Location Based Entertainment business for $25m and the next stage in the company's exciting journey with the home based entertainment business.
HIGHLIGHTS

· Sale of the LBE business agreed, subject to shareholder approval, for an enterprise value of $25,211,739
· Sale of Uvisan for a total cash consideration of £100,000.
· Retention of the Home-Based Entertainment business conducted by Let's Explore Media Limited ("HBE") following encouraging retail and TV shopping demand.
· Intended return of the majority of the LBE sale proceeds to Shareholders (up to circa £13.5m, equating to approximately 3p per share), retaining circa £6.5m within the Company for future opportunities.
· Intention to build on the Board's expertise using HBE as an initial platform to create a high growth trading group through strategic acquisitions.
· Proposed change of name to Let's Explore Group plc
· Following the completion of the disposals, Rod Findley will remain with the LBE business and step down as a director of the Company.
To read the full RNS click here
  continue reading

1870 episode

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Manage episode 354384607 series 2936804
Konten disediakan oleh jruss88 and Vox Markets Podcast. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh jruss88 and Vox Markets Podcast atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang dijelaskan di sini https://id.player.fm/legal.
Martin Higginson, CEO of Immotion #IMMO discusses the sale of their Location Based Entertainment business for $25m and the next stage in the company's exciting journey with the home based entertainment business.
HIGHLIGHTS

· Sale of the LBE business agreed, subject to shareholder approval, for an enterprise value of $25,211,739
· Sale of Uvisan for a total cash consideration of £100,000.
· Retention of the Home-Based Entertainment business conducted by Let's Explore Media Limited ("HBE") following encouraging retail and TV shopping demand.
· Intended return of the majority of the LBE sale proceeds to Shareholders (up to circa £13.5m, equating to approximately 3p per share), retaining circa £6.5m within the Company for future opportunities.
· Intention to build on the Board's expertise using HBE as an initial platform to create a high growth trading group through strategic acquisitions.
· Proposed change of name to Let's Explore Group plc
· Following the completion of the disposals, Rod Findley will remain with the LBE business and step down as a director of the Company.
To read the full RNS click here
  continue reading

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