News blog

Guscio

• BY: Andrew Hore |
• POSTED: 28/12/2014 |

Aim shell Guscio has invested £125,000 in Sportsdata Ltd. 

In collaboration with the Youth Sports Trust, Sportsdata has developed a website application that monitors the physical abilities of children. The model is to sell a licence to UK primary schools to operate the website.

The money has been invested in a convertible loan note which is repayable after one year and with an annual interest rate of 5%. The loan is convertible into shares at a valuation equivalent to £1.125m, so that would give Guscio around 11% of Sportsdata. There are anti-dilution provisions.

Guscio was formerly TV programmes producer Talent Group. A subscription raised £50,000 at 2.95p when the two subsidiaries were sold for up to £96,000 and the assumption of debt, and subsequently £200,000 at 5.29p a share.

At 13.25p a share, Guscio is valued at £836,000. 

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2014_63.pdf