Ten Alps, the TV production, publishing and online communications business co-founded by Bob Geldof, has revealed advanced negotiations over a possible reverse take-over.
The company has confirmed that alongside the acquisition, it is also considering equity fundraising and restructure of its debt due to the value of its shares falling below their nominal value. Shares will be placed under a Letter of Subscription which was filed in December 2014.
Under the Letter of Subscription, Ten Alps directors Peter Bertram, Mark Wood and Tim Hoare subscribed for £50,000 and Nitil Patel for £20,000, which the company said would allow it to Read full story ›
Source: The Drum
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