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Avanti Screenmedia Group
- BY: Andrew Hore |
- POSTED: 25/08/2008 |
- COMMENTS: Add yours
Avanti Screenmedia Group has raised £240,000 from Neo Media SA.
Neo Media paid 1.375p a share for its 29.98% stake in the retail screen media business.
This helped boost the share price by 0.625p to 3.5p a share, which values Avanti at £1.44m prior to the latest subscription.
Neo Media had already subscribed for £300,000 of convertible loan stock in July.
Neo Media can help Avanti and it will gain access to the UK market.
Switzerland-based Neo Media operates in eight European countries and Canada. It provides digital media services in shopping and exhibition centres.
Avanti says that it is negotiating a number of new contracts.
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