Tag Archives: Prime Active Capital

Media Square’s loss-making Irish investor mellows

Prime Active Capital, the Irish based AIM listed investment company with a 28.5% shareholding in Media Square, today announced another loss of €869,000 for the half year to 30 June. However, contrary to previous statements from executive chairman Peter Lynch, the company now seems less committed to stirring up trouble at Media Square with a further attempt to gain board access (see Dissident Media Square shareholder reports €6.2 million loss). 

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Dissident Media Square shareholder reports €6.2 million loss

Prime Active Capital, the Irish based AIM listed investment company with a 28.5% shareholding in Media Square, reported a loss of €6.2 million (£5.8 million) for 2009 this morning, bringing its accumulated losses to date to €16.2 million.  Yet, notwithstanding PAC’s poor performance, chairman Peter Lynch seemed surprised that Media Square had “neglected to take the offer of assistance” extended by his company to “help” Media Square’s management with the “struggle of their turnaround over the last three years”.

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Parry to step down as chairman of Media Square

Roger Parry, the ex-McKinsey consultant who was hired by AIM listed Media Square to turn round its loss-making performance in July 2007, has announced that he will step down from the board after the forthcoming annual meeting in July this year.

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Bob Morton builds Media Square stake to 7.8%

The mysterious buyer of the remainder of Yorkshireman Anthony Gill’s shareholding in Media Square, reported here on 13 February (see Yorkshireman strengthens prospect of Media Square bid by Irishman), was Bob Morton’s Hawk Investment Holdings.

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Yorkshireman strengthens prospect of Media Square bid by Irishman

Media Square, the struggling AIM listed marketing group, is likely to come under renewed pressure to listen to demands for board representation as it faces a potential takeover bid from Irish entrepreneurial financier Peter Lynch and his private equity company Prime Active Capital. 

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