26th Jan 2006 18:18
Addworth PLC26 January 2006 26th January 2006 Addworth Plc 26th January 2006 Addworth Plc Addworth increases stake in Cheerful Scout Plc Addworth Plc, the AIM 'active capital' investor, has today announced thatfollowing the purchase of 1,050,000 shares @ 1.15p per share on Wednesday 25thJanuary 2006, its stake in Cheerful Scout Plc, the multi media company, is nowup to 8,550,000 shares, representing 3.49% of that company's equity. The average purchase cost of this holding is 0.81p per share. For further information Addworth Plc 020 7638 8750Mark Watson-Mitchell, Executive Chairman www.addworth.co.uk Notes to Editors Addworth (ADW), is an 'active capital investor'. Its focus is upon the growth ofcapital value and the generation of fee income from: establishing and fundingnewly quoted companies on both the AIM and OFEX markets; acquiring anddeveloping companies with growth potential; and taking minority equity positionsin undervalued smaller listed companies. Cheerful Scout (CLS), is a video, events and DVD production company that blendscreativity with experience and technological know-how to create solutions whichmake an impact. On 16th January 2006 the company announced that its unauditedManagement Accounts for the five months ended 30th November 2005 showed asubstantial increase in turnover on a like for like basis with the corresponding2004 period. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Aeorema Comm.