Braveheart Investment Group plc
04 June 2007
4 June 2007
Braveheart Investment Group plc
('Braveheart' or the 'Group')
Investee company floats on AIM
Braveheart (AIM: BRH), the technology commercialisation and investment
management company, announces today that the Capital Pub Company PLC ('CPC'),
one of the Group's investee companies, has commenced trading on AIM under the
ticker CPUB. 19.6 million CPC shares were admitted to trading with an opening
price of 164 pence per share valuing it at £32 million.
Braveheart clients invested as founder shareholders in 2001 and Braveheart
itself made an investment of £45,000 in the business, at 115 pence per share,
which has generated a compound rate of return of 30.5% at the listing price.
This is the sixth flotation of a Braveheart investee company since October 2003
and follows Braveheart's own AIM flotation in March this year.
CPC was set up in 2001 by David Bruce, the founder of the Firkin pub chain, and
Clive Watson, the former finance director of Regent Inns, as a tax efficient
Enterprise Investment Scheme company. Since then CPC has built up an estate of
23 non-themed, mainly freehold, pubs in and around central London.
Commenting, Geoffrey Thomson said: 'Whilst the majority of investments we make
are into technology companies which are being spun out of universities, we also
add diversification to our portfolio by investing in more traditional businesses
where we believe there are strong investment fundamentals and a clear exit
strategy. Capital Pub Company fits all those criteria as well as being wrapped
in a tax efficient package that is ideally suited to our clients needs.'
For further information:
Braveheart Investment Group Tavistock Communications
Geoffrey Thomson Richard Sunderland
Chief Executive Rachel Drysdale
T: 01738 587 555 T: 020 7920 3150
rdrysdale@tavistock.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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