Result of AGM

RNS Number : 1572D

Braveheart Investment Group plc

10 September 2008

 



For release 10 September 2008

Braveheart Investment Group plc

('Braveheart' or the 'Group')

RESULT OF AGM

Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that at its Annual General Meeting held earlier today all resolutions were duly passed.

In addition, and as previously announced, Non-executive Directors Donald Turner and Shonaig Macpherson have stepped down from the Board.

For further information please visit www.braveheart-ventures.co.uk or contact:

Braveheart Investment Group	Tavistock Communications (for Braveheart)
Geoffrey Thomson, Chief Executive	Simon Hudson / James Midmer
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.  

Braveheart's diverse portfolio currently comprises over 30 companies and it has completed over 70 deals in its eleven year history. Its exit portfolio has a compound rate of return of 33% which is driven by 6 IPOs, 4 trade sales, and ten write offs. The overall portfolio (being realised and unrealised investments) has an annual compound rate of return of 27%. 

At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade.

 

END

 

 

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