Small caps round-up: BP Marsh, Media Corp, Dee Valley

B.P. Marsh & Partners, the venture capital firm, has increased its stake in Besso Insurance Group through the acquisition of the stake held by Michael Wade, who is stepping down as Chairman of Besso now that the restructuring of the group has been completed. Coln Bird, currently the Chief Executive of Besso, will replace Wade as Chairman.

B.P. Marsh & Partners, the venture capital firm, has increased its stake in Besso Insurance Group through the acquisition of the stake held by Michael Wade, who is stepping down as Chairman of Besso now that the restructuring of the group has been completed. Coln Bird, currently the Chief Executive of Besso, will replace Wade as Chairman.

Marsh increased its shareholding by 6.71% for a cash consideration of £0.78m. The group's equity interest in Besso has therefore increased from 30% to 36.71% (with economic rights over 36.48%).

Board changes are also afoot at Dee Valley Group, where David Strahan has been announced as the replacement for David Guest, who is set to retire as Finance Director of the water utility at the end of the year. Strahan was Managing Director of Phoenix Supply for 5 years prior to accepting the Dee Valley job.

Digital advertising network and online gaming group Media Corporation has raised £0.6m (gross) through the sale of 300m shares at 0.2p each. The shares were bought by institutional and other investors, including directors of the company. The proceeds from the share issue will be used to help fund the launch of Intabet, the company's online gaming platform, and to provide general working capital for the company.

JH

Recommended

Share tips of the week - 12 August
Share tips

Share tips of the week - 12 August

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
12 Aug 2022
Britain’s ten most-hated shares – w/e 9 August
Stocks and shares

Britain’s ten most-hated shares – w/e 9 August

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
10 Aug 2022
Aviva: One for income investors to tuck away
Share tips

Aviva: One for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
10 Aug 2022
Director dealings w/e 5 August: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 5 August: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
9 Aug 2022

Most Popular