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Lift Global Ventures PLC - invests in financial media and technology platform - Agrees to buy Miriad Ltd, a financial public relations and investor relations advisory consulting company. Will pay £366,667, with £200,000 in cash and the remainder from the issue of 4.2 million shares at £0.04 per share. Lift says the acquisition will help achieve its aim of ‘covering Lift's fixed costs and providing an ideal platform from which to launch into the next phase of the company's growth strategy’.
Miriad booked revenue of £340,684 and an operating profit of £265,098 for the financial year that ended on June 30.
Current stock price: 1.13 pence
12-month change: down from 2.75p on April 29
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