2023

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2022

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2021

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2020

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2019

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2018

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2017

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.

2016

YOLO has, through its broker Peterhouse Capital Limited, successfully raised £300,000 (before expenses) via a placing ("Placing") of 8,000,000 new ordinary shares of 0.01p each with new and existing investors at an issue price of 3.75p per share ("Placing Shares"), a premium of approximately 11% to yesterday's mid-market closing share price.  Under the Placing, each Placee will also receive one warrant for every four Placing Shares subscribed for as part of the Placing, exercisable at 5.0p per share ("Warrants") at any time for a period of three years from the date of Admission of the Placing Shares.

In addition, the Company will invest £100,000 in Sparkledun Limited ("Sparkledun") in equity to acquire 3.41% of its issued share capital. Sparkledun through its trading subsidiary, Fast to Fibre Limited ("Fast to Fibre"), has rights to exploit and has further developed a technology solution utilising a unique patented process for the extraction of the inner core of telecoms and power cables, allowing the insertion of fibre optic without the need for excavation or other disruptive techniques.

The Fast to Fibre commercial proposition is to reduce the cost of fibre optic deployment particularly in difficult to access areas such as urban and city centres, thereby increasing the pace of adoption in line with government targets around the world to provide ultra-fast internet access.

Fast to Fibre has successfully completed several trials in a variety of different geographical locations and complex situations and is now progressing a number of major commercial opportunities.

Simon Robinson, CEO of YOLO said: "YOLO has been tracking the Fast to Fibre progress for the last six months and believes that the management are well positioned to harness its unique and patented technological capabilities.  The Fast to Fibre solution provides benefits to both consumers who have growing demand for faster internet speeds and Governments and Telco's around the world looking to fulfil this demand cost effectively and innovatively."

Details of the Placing

Application will be made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that admission of the Placing Shares will become effective on or around 22 February 2019.

The Placing Shares will rank pari passu with the existing ordinary shares in YOLO in all respects.  Following the admission of the Placing Shares, the total issued share capital of the Company will be 52,132,276 ordinary shares, each with voting rights.  The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Directors could not take part in the Placing as YOLO is preparing to release its final results for the year ended 30 September 2018 shortly.

The participation by Chris Akers, a 10% shareholder in the Company, in the Placing is considered to be a related party transaction ("Transaction") pursuant to Rule 13 of the AIM Rules for Companies.  The Directors consider, having consulted with the Company's nominated adviser Cairn Financial Advisers LLP, that the terms of the Transaction are fair and reasonable insofar as its shareholders are concerned.

The announcement contains information which, prior to its disclosure, was inside information for the purposes of the Market Abuse Regulation.

Enquiries

Notes to editors

YOLO Leisure and Technology plc

YOLO Leisure and Technology plc aims to focus on opportunities in the technology, leisure and media sectors. The Company's investing policy is that the Company will invest in businesses which have some or all of the following characteristics:

• strong management with a proven track record;
• ready for investment without the need for material re-structuring by the Company;
• generating positive cash flows or imminently likely to do so;
• via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment;
• able to benefit from the directors' existing network of contacts; and
• the potential to deliver significant returns for the Company.