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MediaZest
- BY: Andrew Hore |
- POSTED: 08/03/2010 |
City and Claremont Capital Assets Ltd has taken a 23.7% stake in MediaZest.
This follows Schweco Nominees increasing its stake to 10.96% following a share placing that raised £324,000 at 0.5p a share in February. Schweco added 6m shares to its stake. The directors and their related interests subscribed for 10m of the shares issued.
It is not clear when City and Claremont bought its 39.7m shares but it appears likely that it could have been in the placing.
A NEF Bodnar-Horvath is described as a “director of City and Claremont Capital Assets Limited” in a 2007 SEC filing by Gran Tierra Energy Inc. The filing also said that he “has the power to vote and dispose of the common shares being registered on behalf of City and Claremont Capital Assets Limited”.
Bodnar-Horvath is a partner in Hong Kong-based law firm Horvath & Giles. http://www.horvathandgiles.com/partners.html.
MediaZest is a display marketing business that utilises new technology to increase awareness of brands and products. Revenues more than halved to £1.04m in the six months to June 2009, while the loss edged up from £342,000 to £370,000.
At 0.625p a share, MediaZest is valued at £1.05m.
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