Directorate Change

RNS Number : 6237K

Braveheart Investment Group plc

20 April 2015

 



20 April 2015

Braveheart Investment Group plc

Directorate change

Braveheart Investment Group plc (AIM: BRH), the financial services company that facilitates SME growth through investment by public and private sector sources, today announces that following a review of its management structure and cost base, the Company has identified a number of synergies and cost savings which will enable it to reduce ongoing operating costs by combining certain functions. 

As a result Aileen Brown has stepped down as Chief Financial Officer. Her role will be assumed by the two other, non-board members of the accounts team, being Jennifer Kennedy ACCA (financial controller) and Kevin Brown (company accountant) who have been with the Company for an aggregate of 13 years.  Geoffrey Thomson, Chief Executive Officer, will take overall responsibility for oversight of the accounting function.  Kevin Brown is taking up the role of Company Secretary. These changes are effective as of today's date.

As previously announced in the Company's interim results, Ken Brown, non-executive director, stepped down on 31 March having served for seven and a half years.

The Board would like to thank those standing down for their hard work and commitment over the years.

For further information please visit www.braveheartinvestmentgroup.co.uk or contact:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive [e-mail]

Tel: [phone]

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

Lindsay Mair

Tel: [phone]

Media Enquiries:

Allerton Communications

Peter Curtain [e-mail]

Tel: [phone]

Notes to Editors:

Braveheart Investment Group provides a range of products and services to investors seeking exposure to SME investments. Our clients include high-net-worth individuals looking to build tax-efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios, public-sector organisations, family offices and other institutions. Products available range from self-build portfolios to a full fund management service.

Funds managed by Braveheart and its subsidiaries/associate companies include:  the Crowdcube Venture Fund, the Finance Yorkshire Equity Fund, the NI Growth Loan Fund, the Lachesis Fund, the Strathclyde Innovation Fund, the Viking Growth Fund and the Viking Loan Fund. Our operating companies are Strathtay Ventures, Viking Fund Managers and, partnering with NEL Fund Managers and Clarendon Fund Managers, WhiteRock Capital Partners LLP.

 

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