Source - SMW
Yolo Leisure and Technology welcomed news that businessman Ron Dennis had taken a 10% stake in music entertainment group and investee company Magic Media Works.

Dennis was a former chairman and chief executive of Mclaren Technology.

Magic Media would use the funds to expand manufacturing of its ROXi music entertainment system and to increase the size of the TV and digital ad campaigns that promote the ROXi product to consumers, Yolo said.

Post the current investment round, Yolo said it would hold 10.5% of Magic Media's issued share capital and pre-IPO loan note of £0.5m.

At 2:41pm: (LON:YOLO) Yolo Leisure And Technology Plc share price was +0.75p at 10.25p

Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.