Further re. Partial Disposal of Investment

RNS Number : 6320Z

Braveheart Investment Group plc

04 September 2018

 

4 September 2018

Braveheart Investment Group plc

("Braveheart" or the "Company")

Further re. Partial investment disposal and share exchange with Strat Aero plc

Further to the announcement dated 21 August 2018, Braveheart Investment Group plc (AIM:BRH), the fund management and strategic investor group, is pleased to report that the GyroMetric shareholders have approved the exchange of part of Braveheart's holding in GyroMetric Systems Limited ("GyroMetric") in return for the issue of ordinary shares in Strat Aero plc ("Strat Aero"). No pre-emption rights were exercised by Gyrometric shareholders. Accordingly, the consideration of £273,600 will be satisfied by the issue of 23,791,304 new shares in Strat Aero ("Strat Aero Consideration Shares").

Strat Aero has made an application for the admission to trading on the AIM market of the Strat Aero Consideration Shares, which is expected to take place on 7 September 2018.

For further information:

Braveheart Investment Group plc Viv Hallam, Executive Director	Tel: [phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / Nicholas Chambers	Tel: [phone]
Peterhouse Capital Limited (Joint Broker) Heena Karani / Lucy Williams	Tel: [phone]

 

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