Directorate Change - amended

RNS Number : 3775B

Braveheart Investment Group plc

02 April 2013

 



2 April 2013

Please note the announcement released earlier today at 0700 under RNS No. 2167B contained an error. Jeremy Delmar Morgan resigned as Chairman of Allenby Capital in December 2012 and is therefore no longer Chairman as of the date of this announcement.

All other details remain unchanged.

Braveheart Investment Group plc

('Braveheart', 'the Company' or 'the Group')

Directorate Change

Braveheart Investment Group plc (BRH), the AIM-listed investment management group providing financing and advisory services to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices and public sector organisations, announces that Garry Watson has now stepped down as Non-executive Chairman as previously referenced within the Interim Results announcement dated 3 December 2012.

Jeremy Delmar-Morgan, who has been a Non-executive Director of the Group since 2008, has been appointed as Non-executive Chairman with immediate effect.

Geoffrey Thomson, Chief Executive, said:

"Jeremy has had a distinguished City career, currently being Chairman of The Brendoncare Foundation and a Director of the London Symphony Orchestra Endowment Trust. He is also a past Chairman of Allenby Capital, Teather & Greenwood and Hichens, Harrison & Co. Your Board believes that he has the ideal experience to chair the Company through the next phase of growth.

"The Board would like to thank Garry Watson for his stewardship which has spanned both the private and public company stages of the Group's life; and for his support as a founding shareholder in 1997."

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive [e-mail]

Tel: [phone]

Sanlam Securities UK Limited (Nominated Adviser and Broker to Braveheart)

Lindsay Mair Catherine Miles

Tel: [phone]

Media enquiries:

Allerton Communications

Peter Curtain [e-mail]

Tel: [phone]

Notes to Editors

Braveheart Investment Group plc

Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows: 

For the company looking to raise money, we provide:

·     Equity capital.  This form of financing is typically long term and is usually appropriate for fast growing businesses or early stage companies.  We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum of £2m although we are happy to participate in larger financings as part of a syndicate;

·     Debt finance.  Short to medium term and for companies with cash flow to service the loan.  Our unit size for this type of finance is up £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument; and

·     Corporate finance advice on all aspects of raising money, strategic development and corporate governance.

The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.

To the investor, we provide a one stop shop service to those in one of the following groups who are looking for exposure to SME investments:

·     High net worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;

·     Family offices and private sector institutions; and

·     The Public sector.

Investors can choose between investment types ranging from self-build portfolios, to a full fund management service.

 

END

 

 

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