Issue of Equity

RNS Number : 8209O

Braveheart Investment Group plc

05 July 2010

 



5 July 2010

Braveheart Investment Group plc

("Braveheart" or the "Company")

Allotment of Shares

Braveheart (AIM: BRH), the technology commercialisation and investment management company, today announces that it has issued and allotted the undernoted ordinary shares of 2 pence each in the Company ("Ordinary Shares") in satisfaction of the second tranche of consideration due on its acquisition of Viking Fund Managers Ltd (formerly Inkopo Ltd) announced on 8 June 2009.

A T G Burton	265,701
V D Hallam	105,089
W R F Gosling	10,179
D S Morris	9,768
Total	390,737

Following this allotment, Mr Burton now holds, in aggregate, 613,818 Ordinary Shares, representing 4.29% of the enlarged share capital of the Company.

Application has been made for the admission of the 390,737 new shares to trading on AIM, which is expected to be effective from Tuesday 6 July at 07:00am.

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

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

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. It was founded in 1997 by a small group of investors in order to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Thirteen years on, Braveheart is a public company with offices in Perth, London and Yorkshire, and a demonstrable track record in early stage technology investing, as well as an established client base of high net worth individuals. Service offerings include bespoke EIS portfolios, fund management, investment facilitation and management services.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with a number of leading universities and innovation centres Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently around 30 companies in Braveheart's diverse portfolio and it has completed over 80 deals in its 13 year history.

 

END

 

 

IOEFELFBBDFXBBF