Update on fund management business

RNS Number : 6543U

Braveheart Investment Group plc

16 July 2018

 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR")

16 July 2018

Braveheart Investment Group plc

("Braveheart" or the "Company")

Update on fund management business

Braveheart Investment Group plc (AIM: BRH), the fund management and strategic investor group,  provides an update on developments at its fund management business.

The Company is pleased to report that it has entered into detailed discussions with a large UK financial organisation in preparation to launch a new Mezzanine Fund (the "Fund") targeting enhanced income returns to the fund's investors.  If discussions conclude as anticipated, the large UK financial organisation will cornerstone the Fund by providing 40% of the total investment.  Concurrently, the Company has begun discussions with a variety of other investors which are expected to provide the remaining 60% of the investment in order that the Fund is ready to begin investing before the end of 2018.  Braveheart's wholly owned subsidiary, Viking Fund Managers Limited, will be the fund manager, receiving fund management fees.  The Company looks forward to providing further updates in due course.

For further information:

Braveheart Investment Group plc Trevor Brown, Chief Executive	Tel: [phone]
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / Nicholas Chambers	Tel: [phone]
Peterhouse Corporate Finance Ltd (Joint Broker) Heena Karani / Lucy Williams	Tel: [phone]

 

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