Sale of Not On The High Street

SPARK Ventures announces the sale of its remaining stake in noths for net cash proceeds of £11.0m, thus substantially increasing the Company's cash balances. This brings SPARK's total returns to £12.8m from an initial investment of £0.7m in 2007/8, a multiple of 18 times the initial investment, an IRR of 65% and an 8% uplift to the previously disclosed book value.