July 18, 2019

Holding(s) in Company

CIP Merchant Capital is pleased to announce its investment in Brave Bison Group plc (AIM: BBSN) (“Brave Bison”), a social video company quoted on AIM market of the London Stock Exchange.

The Company has acquired, in aggregate, 36,332,550 ordinary shares of 0.1p each in Brave Bison, representing approximately 5.97 per cent. of Brave Bison’s issued share capital, for a total consideration of approximately £0.6 million.

In the year ended 31 December 2018, Brave Bison had revenues of £21.2 million, gross profit of £6.5 million, Adjusted EBITDA1 of £0.8 million, a net loss attributable to its shareholders of £71,000. As at 31 December 2018, Brave Bison had cash and cash equivalents of £5.4 million and net assets of £5.3 million. Currently, Brave Bison has a market capitalisation of approximately £11 million.

The investment constitutes the Company’s sixth portfolio company.

Further info

Rebecca Abigail ltd

Sebastian Aristizabal-Oviedo, Director
Telephone: +44 207 849 4513

Allenby Capital Limited – AIM Nominated Adviser and Broker

Jeremy Porter / Asha Chota
Telephone: +44 203 328 565

Send us a message

We'd love to hear from you! Hit us up with any questions and we'll get back to you as soon as we can.

Sent icon

Thank you!
Your enquiry has been sent.

View case studies