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IN BRIEF: Brave Bison completes equity raise for MiniMBA acquisition

15th Jul 2025 13:13

Brave Bison Group PLC - London-based digital advertising technology - Executive Chair Oliver Green and Chief Growth Officer Theo Green subscribe for 714,285 shares via Greenspan Investments Ltd at 49 pence, worth GBP350,000, as part of Brave Bison's equity raise to fund its acquisition of Mini Trading Co Ltd. Brave Bison late last month agreed to buy the company, which trades as MiniMBA, from Centaur Media PLC for an enterprise value of GBP19.0 million. To part fund the purchase, Brave Bison conducted a 20-into-1 share consolidation and launched a placing and subscription for 27.6 million new shares at 49p to raise GBP13.5 million. The Greens now have a 14.1% stake. Mark Ritson, the founder of MiniMBA, also took part in the equity raise, investing GBP2.0 million. Ritson will invest a further GBP2.0 million within two years and then will have a 5.8% stake in Brave Bison.

Current stock price: 61.00 pence, up 24% from offer price

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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