Issue of Equity

RNS Number : 5526X

Braveheart Investment Group plc

14 January 2014

 



14 January 2014

Braveheart Investment Group plc

('Braveheart', the 'Company' or the 'Group')

Issue of Equity

Braveheart Investment Group plc (the 'Group' or the 'Company'), the AIM-listed investment management group providing debt and equity capital to SMEs and servicing the investment requirements of business angels, high net worth individuals, family offices, and public sector organisations announces that, further to the announcement on 13 December 2013, it has issued, conditional on admission, 324,924 ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") to satisfy the outstanding consideration in relation to the sale of Envestors Ltd.   

Application will be made for the 324,924 Ordinary Shares to be admitted to trading on AIM. Admission is expected to become effective and dealings are expected to commence on AIM on 17 January 2014.

Following the issue of the shares, the Company will have 23,586,636 ordinary shares in issue. Shareholders may use this number as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.  

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive [e-mail]

Tel: [phone]

Sanlam Securities UK Limited (Nominated Adviser and Broker)

Lindsay Mair Catherine Miles

Tel: [phone]

Media enquiries:

Allerton Communications

Peter Curtain [e-mail]

Tel: [phone]

Notes to Editors

Braveheart Investment Group plc

Braveheart provides financing for small and medium sized enterprises (SMEs) as follows: 

For the company looking to raise money, we provide:

·     Equity capital. This form of financing is typically long term and is usually appropriate for fast growing businesses or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum of £2m although we are happy to participate in larger financings as part of a syndicate;

·     Debt finance. Short to medium term and for companies with cash flow to service the loan.  Our unit size for this type of finance is up £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument;

The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.

To the investor, we provide a one stop shop service to those in one of the following groups who are looking for exposure to SME investments:

·     High net worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;

·     Family offices and private sector institutions;

·     The Public sector.

Investors can choose between investment types ranging from self-build portfolios, to a full fund management service.

www.braveheartgroup.co.uk

 

END

 

 

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