Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €1.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 153% over the past three years. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Gordon Brough was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • May 18
Brave Bison Group plc, Annual General Meeting, Jun 17, 2026 Brave Bison Group plc, Annual General Meeting, Jun 17, 2026. Location: gridiron building, 1 pancras square, kings cross, n1c 4ag, United Kingdom Annonce • May 03
Brave Bison Group plc Announces Earnings Guidance for First Quarter and Full Year 2026 Brave Bison Group plc announced earnings guidance for first quarter and full year 2026. For First quarter, Net revenue is expected to increase 58% year-on-year, an encouraging performance despite the conflict in the Middle East causing some clients to review spending.
For 2026, the Board expects net revenue to exceed current consensus expectations for 2026. Annonce • Apr 23
Brave Bison Group plc to Report Fiscal Year 2025 Results on Apr 30, 2026 Brave Bison Group plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Apr 30, 2026 Annonce • Jan 13
Brave Bison Group plc Provides Earnings Guidance for the Fiscal Year 2026 Brave Bison Group plc provided earnings guidance for the fiscal year 2026. The Board is comfortable with fiscal year 2026 consensus expectations of £45 million of net revenue. Annonce • Sep 12
Brave Bison Group plc (AIM:BBSN) acquired Mtm London Limited for £12.1 million. Brave Bison Group plc (AIM:BBSN) acquired Mtm London Limited for £12.1 million on September 11, 2025. MTM shareholders will receive initial cash consideration of £5 million and initial share consideration of £1 million satisfied through the issue of 1,600,000 new ordinary shares. The initial cash consideration is subject to customary working capital adjustments. Deferred share consideration of £2 million will be payable on the third anniversary of completion, satisfied through the issue of 3,200,000 new ordinary shares, subject to continuing employment of the sellers and certain good/bad leaver provisions. In addition, the sellers are eligible for annual contingent consideration payments over the next 5 years equal to a fixed percentage of annual EBITDA above a hurdle. The hurdle is set at £0.8 million in the first year, ratcheting upwards each year thereafter. The maximum annual payment is £0.8 million, and the maximum total payable is £4.0 million over 5 years. The acquisition will be funded through the Company's revolving credit facility and existing cash resources.
For the period ending December 31, 2024, Mtm London Limited reported total revenue of £8.3 million and EBITDA of £1.3 million.
Ben Jeynes, Teddy Whiley, Michael Johnson, Sunila de Silva of Cavendish Capital Markets Limited acted as financial advisors to Brave Bison Group plc.
Brave Bison Group plc (AIM:BBSN) completed the acquisition of Mtm London Limited on September 11, 2025. Annonce • Sep 09
Brave Bison Group plc to Report First Half, 2025 Results on Sep 11, 2025 Brave Bison Group plc announced that they will report first half, 2025 results on Sep 11, 2025 Annonce • Jul 18
Brave Bison Group plc completed the acquisition of The Mini Training Company Limited from Centaur Media Plc. Brave Bison Group plc entered into a conditional binding agreement to acquire The Mini Training Company Limited from Centaur Media Plc for an enterprise value of £19 million on June 25, 2025. Brave Bison intends to fund the Transaction via a new revolving credit facility of £10 million of which £6m will be drawn from the facility; and a placing of new ordinary Brave Bison shares to existing and new investors raising £13.5 million. Brave Bison will partly finance the cash consideration for the Acquisition through a placing and direct subscription of 27,615,467 new Ordinary Shares at a price of 49 pence per Ordinary Share (on a post-Share Consolidation basis) (the "Issue Price") to raise gross proceeds of approximately £13.5 million. Completion of the Transaction is conditional, inter alia, on (i) approval by Brave Bison's shareholders of the resolutions required to implement the placing of new Brave Bison ordinary shares; and (ii) the placing agreement to part fund the acquisition not having been terminated and becoming otherwise unconditional. Completion of the Transaction is expected to occur during July 2025. Following Completion, it is the Board's intention to use the net proceeds from the Transaction to return capital to shareholders and will consult with shareholders before deciding how the proceeds will be returned.
As of June 24, 2025, Brave Bison Group board approved the deal. As of July 14, 2025, Brave Bison Group shareholders approved the deal.
Cavendish Capital Markets Limited acted as financial advisor for Brave Bison Group plc (AIM:BBSN).
Brave Bison Group plc completed the acquisition of The Mini Training Company Limited from Centaur Media Plc on July 18, 2025. Annonce • Jun 25
Brave Bison Group plc enetered into an agreement to acquire The Mini Training Company Limited from Centaur Media Plc for £19 million. Brave Bison Group plc enetered into an agreement to acquire The Mini Training Company Limited from Centaur Media Plc for £19 million on June 25, 2025. Brave Bison intends to fund the Transaction via a new revolving credit facility of £10 million of which £6m will be drawn from the facility; and a placing of new ordinary Brave Bison shares to existing and new investors raising £13.5 million. Completion of the Transaction is conditional, inter alia, on (i) approval by Brave Bison's shareholders of the resolutions required to implement the placing of new Brave Bison ordinary shares; and (ii) the placing agreement to part fund the acquisition not having been terminated and becoming otherwise unconditional. Completion of the Transaction is expected to occur during July 2025. Following Completion, it is the Board's intention to use the net proceeds from the Transaction to return capital to shareholders and will consult with shareholders before deciding how the proceeds will be returned. Annonce • Jun 07
Brave Bison Group plc, Annual General Meeting, Jun 27, 2025 Brave Bison Group plc, Annual General Meeting, Jun 27, 2025. Location: gridiron building, 1 pancras square, kings cross, n1c 4ag, United Kingdom Annonce • Apr 10
Brave Bison Group plc Declares Final Dividend for the Year Ended 31 December 2024, Payable on 27 June 2025 The Directors of Brave Bison Group plc are declaring a final dividend for the year ended 31 December 2024 of £0.3 million (FY23: £nil), equivalent to 0.02 pence per share. Subject to ratification at the Company's AGM, the dividend will be paid on 27 June 2025 to shareholders listed on the register of members on 30 May 2025. The shares will be marked ex-dividend on 29 May 2025. Annonce • Mar 27
Brave Bison Group plc (AIM:BBSN) entered into a binding agreement to acquire Builtvisible Ltd for £3.5 million. Brave Bison Group plc (AIM:BBSN) entered into a binding agreement to acquire Builtvisible Ltd for £3.5 million on March 27, 2025.The total cash consideration for the Acquisition is up to £3.0 million, with initial consideration of £1.5 million payable on completion, deferred consideration of £1.0 million payable in tranches over 18 months from completion and contingent consideration of £0.5 million payable subject to performance conditions. In addition, members of Builtvisible leadership have been granted restricted equity consideration in the form of nil-paid options to acquire 20.8 million new ordinary shares in the Company. The Equity Awards will vest on the third anniversary of completion of the Acquisition in 2028, subject to achievement of performance conditions and continued employment with the Group.
For the period ending December 31, 2024, Builtvisible Ltd reported total revenue of £4.1 million and EBITDA of £0.3 million and unaudited net assets of -£0.5 million.
Ben Jeynes of Cavendish Capital Markets Limited acted as financial advisor to Brave Bison Group plc. Annonce • Mar 17
Brave Bison Group plc to Report Fiscal Year 2024 Results on Apr 10, 2025 Brave Bison Group plc announced that they will report fiscal year 2024 results at 8:00 AM, GMT Standard Time on Apr 10, 2025 Annonce • Dec 10
Brave Bison Group plc (AIM:BBSN) entered into an agreement to acquire Engage Digital Partners Limited for €10.6 million. Brave Bison Group plc (AIM:BBSN) entered into an agreement to acquire Engage Digital Partners Limited for €10.6 million on December 9, 2024. The aggregate consideration for the acquisition totals up to £10.6 million, comprising an initial enterprise value of £2.1 million, equity consideration of £2.0 million and contingent consideration of up to £6.5 million over three years subject to performance conditions. As part of the deal, Engage will combine with the Brave Bison Media Network of sports and entertainment channels. It will be led by Engage’s existing CEO Gregg Oldfield, alongside Chief Business Officer Casey Harwood in partnership with Brave Bison’s VP of Video and Audience Development Adam Raw and Head of Sport Martin Ruffell. In Australia, the division will continue to be led by Executive General Manager Emma Kinlon, and in India by Managing Director Umang Uthappa. The acquisition, which is expected to complete in early January 2025, will be funded by Brave Bison's cash resources.
Cavendish Capital Markets Limited acted as financial advisor for Brave Bison Group plc. Reported Earnings • Sep 15
First half 2024 earnings released: EPS: UK£0.001 (vs UK£0 in 1H 2023) First half 2024 results: EPS: UK£0.001 (up from UK£0 in 1H 2023). Revenue: UK£15.6m (down 7.8% from 1H 2023). Net income: UK£1.22m (up UK£1.45m from 1H 2023). Profit margin: 7.8% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue is expected to decline by 28% p.a. on average during the next 2 years, while revenues in the Interactive Media and Services industry in Europe are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Sep 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings are forecast to decline by an average of 12% per year for the foreseeable future. High level of non-cash earnings (22% accrual ratio). Minor Risk Market cap is less than US$100m (€39.0m market cap, or US$43.1m). Annonce • Sep 03
Brave Bison Group plc to Report First Half, 2024 Results on Sep 09, 2024 Brave Bison Group plc announced that they will report first half, 2024 results on Sep 09, 2024 Buy Or Sell Opportunity • Aug 29
Now 42% overvalued Over the last 90 days, the stock has fallen 6.7% to €0.021. The fair value is estimated to be €0.015, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Buy Or Sell Opportunity • Aug 12
Now 42% overvalued Over the last 90 days, the stock has fallen 15% to €0.021. The fair value is estimated to be €0.014, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Buy Or Sell Opportunity • Jul 02
Now 72% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €0.025. The fair value is estimated to be €0.014, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Buy Or Sell Opportunity • Jun 21
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €0.025. The fair value is estimated to be €0.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Buy Or Sell Opportunity • May 31
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to €0.023. The fair value is estimated to be €0.019, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Annonce • May 26
Brave Bison Group plc, Annual General Meeting, Jun 19, 2024 Brave Bison Group plc, Annual General Meeting, Jun 19, 2024. Location: gridiron building, 1 pancras square, kings cross, n1c 4ag, United Kingdom Buy Or Sell Opportunity • May 13
Now 24% overvalued Over the last 90 days, the stock has fallen 9.8% to €0.023. The fair value is estimated to be €0.019, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Buy Or Sell Opportunity • Apr 25
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 9.1% to €0.024. The fair value is estimated to be €0.019, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 2.2% in a year. Earnings are forecast to decline by 35% in the next year. Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: UK£0.003 (vs UK£0.002 in FY 2022) Full year 2023 results: EPS: UK£0.003 (up from UK£0.002 in FY 2022). Revenue: UK£35.7m (up 13% from FY 2022). Net income: UK£3.39m (up 63% from FY 2022). Profit margin: 9.5% (up from 6.6% in FY 2022). The increase in margin was driven by higher revenue. Annonce • Apr 10
Brave Bison Group plc to Report Fiscal Year 2023 Results on Apr 22, 2024 Brave Bison Group plc announced that they will report fiscal year 2023 results on Apr 22, 2024 Buy Or Sell Opportunity • Apr 05
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to €0.024. The fair value is estimated to be €0.019, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Mar 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (35% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (2.5% net profit margin). Market cap is less than US$100m (€36.8m market cap, or US$39.7m). Buy Or Sell Opportunity • Feb 19
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to €0.026. The fair value is estimated to be €0.021, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 02
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 59% to €0.021. The fair value is estimated to be €0.017, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Nov 11
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 44%. The fair value is estimated to be €0.016, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.0% in a year. Earnings is forecast to grow by 80% in the next year. Reported Earnings • Sep 17
First half 2023 earnings released: EPS: UK£0 (vs UK£0.001 in 1H 2022) First half 2023 results: EPS: UK£0 (down from UK£0.001 in 1H 2022). Revenue: UK£16.9m (up 15% from 1H 2022). Net loss: UK£227.0k (down 122% from profit in 1H 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Germany. New Risk • Sep 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.5% Last year net profit margin: 4.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (28% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.5% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€35.6m market cap, or US$38.2m). Annonce • Sep 04
Brave Bison Group plc to Report First Half, 2023 Results on Sep 13, 2023 Brave Bison Group plc announced that they will report first half, 2023 results on Sep 13, 2023 New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (29% average weekly change). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (€35.9m market cap, or US$38.9m). Annonce • May 19
Brave Bison Group plc, Annual General Meeting, Jun 14, 2023 Brave Bison Group plc, Annual General Meeting, Jun 14, 2023, at 09:00 Coordinated Universal Time. Location: Gridiron Building, 1 Pancras Square London United Kingdom Reported Earnings • Apr 28
Full year 2022 earnings released: EPS: UK£0.002 (vs UK£0.001 in FY 2021) Full year 2022 results: EPS: UK£0.002 (up from UK£0.001 in FY 2021). Revenue: UK£31.7m (up 46% from FY 2021). Net income: UK£2.08m (up 354% from FY 2021). Profit margin: 6.6% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Annonce • Feb 04
Brave Bison Group plc (AIM:BBSN) entered into the agreement to acquire Social Chain Ltd. Brave Bison Group plc (AIM:BBSN) entered into the agreement to acquire Social Chain Ltd on February 3, 2023. The initial consideration for the Acquisition consists of a payment of £7.7 million. Social Chain is expected to generate revenues of £13.8 million and an adjusted EBITDA loss of £0.1 million in the year ending 31 December 2022. Brave Bison Social & Influencer and Social Chain will merge, with Social Chain CEO Pete Metcalfe taking responsibility for the enlarged social media advertising practice. Brave Bison will finance the Initial Consideration from the Company's existing cash resources and bank facilities, and through the Vendor Placing of 206,521,739 new ordinary shares at a price of 2.3 pence per Placing Share. An additional contingent consideration of up to £9.5 million is payable over three years following completion of the Acquisition. The amount payable under the Contingent Consideration is calculated on stretch performance targets based on EBITDA. The Contingent Consideration is expected to be satisfied from the operating cashflows of Social Chain post-acquisition. Nicholas Wells and Charlie Combe of Cenkos Securities plc (AIM:CNKS) acted as financial advisor to Brave Bison Group plc (AIM:BBSN). Completion of the Acquisition Agreement will take effect on Admission. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Executive Chairman Oli Green is the most experienced director on the board, commencing their role in 2019. Independent Non-Executive Director Gordon Brough was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Sep 23
First half 2022 earnings released: EPS: UK£0 (vs UK£0 in 1H 2021) First half 2022 results: EPS: UK£0 (in line with 1H 2021). Revenue: UK£14.7m (up 101% from 1H 2021). Net income: UK£1.02m (up UK£855.0k from 1H 2021). Profit margin: 6.9% (up from 2.3% in 1H 2021). The increase in margin was driven by higher revenue. Annonce • Sep 16
Brave Bison Group plc to Report First Half, 2022 Results on Sep 22, 2022 Brave Bison Group plc announced that they will report first half, 2022 results on Sep 22, 2022 Annonce • Jul 11
Brave Bison Group plc Appoints Gordon Brough as an Independent Non-Executive Director Brave Bison announced that Gordon Brough will join the Board as an Independent Non-Executive Director with immediate effect. Gordon was, until recently, General Counsel at CQS, the specialist asset manager with over $20 billion of assets under management. Prior to CQS, Gordon was General Counsel at Aberdeen Asset Management plc (later Aberdeen Standard Investments, now the asset management arm of Abrdn) for almost 10 years. Mr. Brough holds an LLB (Hons) and a Diploma in Legal Practice from the University of Dundee. Annonce • May 28
Brave Bison Group plc, Annual General Meeting, Jun 29, 2022 Brave Bison Group plc, Annual General Meeting, Jun 29, 2022, at 09:00 Coordinated Universal Time. Location: The Varnish Works, 3 Bravingtons Walk London United Kingdom Board Change • Apr 27
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman & CEO Oli Green is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Annonce • Apr 11
Brave Bison Group plc to Report Fiscal Year 2021 Results on Apr 28, 2022 Brave Bison Group plc announced that they will report fiscal year 2021 results on Apr 28, 2022 Annonce • Jan 20
Brave Bison Group plc (AIM:BBSN) completed the acquisition of Greenlight Digital Limited and Greenlight Commerce Limited. Brave Bison Group plc (AIM:BBSN) entered into a binding sale and purchase agreement to acquire Greenlight Digital Limited and Greenlight Commerce Limited for £6.9 million on August 12, 2021. Upon completion Warren Cowan and Andreas Pouros will remain minority shareholders in the enlarged Brave Bison. The Vendors of Greenlight will receive a total net consideration comprising an aggregate of £6.75 million in cash and 6,601,000 new Ordinary Shares at the Placing Price. £6.0m of the Cash Consideration will be payable on completion, together with the issue of the Consideration Shares. £0.75m of the Cash Consideration will be payable in cash six months thereafter. The Acquisition will be funded using £5.8 million in net proceeds from the Placing, a portion of the Company's cash resources and via the issue of the Consideration Shares. In the year ended August 31, 2020, Greenlight generated revenue of £14.3 million and Adjusted EBITDA of £0.8 million. The Placing and the Acquisition are inter conditional, with the Placing conditional upon, inter alia, the passing by Brave Bison shareholders of resolutions at a general meeting of the Company to be held on August 31, 2021. the directors of Brave Bison Group plc recommended in favor of the transaction to the shareholders. The transaction is expected to complete on September 1, 2021. Freeths LLP acted as legal advisor to shareholders of Greenlight Digital Limited and Greenlight Commerce Limited.
Brave Bison Group plc (AIM:BBSN) completed the acquisition of Greenlight Digital Limited and Greenlight Commerce Limited on January 19, 2022. Iain Lownes of Oaklins Smith & Williamson acted as exclusive corporate finance advisor to the sellers. Annonce • Aug 13
Brave Bison Group plc (AIM:BBSN) entered into a binding sale and purchase agreement to acquire Greenlight Digital Limited and Greenlight Commerce Limited for £6.9 million. Brave Bison Group plc (AIM:BBSN) entered into a binding sale and purchase agreement to acquire Greenlight Digital Limited and Greenlight Commerce Limited for £6.9 million on August 12, 2021. The Vendors of Greenlight will receive a total net consideration comprising an aggregate of £6.75 million in cash and 6,601,000 new Ordinary Shares at the Placing Price. £6.0m of the Cash Consideration will be payable on completion, together with the issue of the Consideration Shares. £0.75m of the Cash Consideration will be payable in cash six months thereafter. The Acquisition will be funded using £5.8 million in net proceeds from the Placing, a portion of the Company's cash resources and via the issue of the Consideration Shares. In the year ended August 31, 2020, Greenlight generated revenue of £14.3 million and Adjusted EBITDA of £0.8 million. The Placing and the Acquisition are inter conditional, with the Placing conditional upon, inter alia, the passing by Brave Bison shareholders of resolutions at a general meeting of the Company to be held on August 31, 2021. the directors of Brave Bison Group plc recommended in favor of the transaction to the shareholders. The transaction is expected to complete on September 1, 2021. Reported Earnings • May 04
Full year 2020 earnings released: UK£0.003 loss per share (vs UK£0.004 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: UK£14.5m (down 14% from FY 2019). Net loss: UK£2.03m (loss narrowed 25% from FY 2019).