TIDMBRH

RNS Number : 5892D

Braveheart Investment Group plc

20 October 2022

20 October 2022

Braveheart Investment Group plc

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

Acquisition of further interest in Autins Group plc

Braveheart Investment Group (AIM: BRH), is pleased to announce that it has purchased a further 2,300,000 ordinary shares of two pence each in Autins Group plc ("Autins") at an average price of 7 pence per share for a total consideration of GBP161,000. Upon completion of the transaction, Braveheart will own 12.91 per cent. of the issued share capital of Autins.

In the year ended 30 September 2021, Autins made a loss before tax of GBP1.18 million on revenue of GBP23.4 million and as at 31 March 2022 had unaudited net assets of approximately GBP14.2 million.

Autins, an AIM listed company, specialises in solving acoustic and thermal problems in the automotive industry and other specialist applications. Set up in 1966 as Automotive Insulations, the company became well known within the automotive sector for manufacturing parts for the original Mini.

The Board continues to seek investment opportunities, both within its existing portfolio and from outside. The Braveheart Board considers this investment to be a strategic investment and thus an important addition to the Group's portfolio.

For further information:

 
 
 Braveheart Investment Group plc         Tel: 01738 
                                          587555 
 Trevor Brown, Chief Executive Officer 
  Viv Hallam, Executive Director 
 
 Allenby Capital Limited (Nominated      Tel: 020 
  Adviser and Joint Broker)               3328 5656 
 David Worlidge / James Reeve / George 
  Payne 
 
 Peterhouse Capital Limited (Joint       Tel: 020 
  Broker)                                 7469 0936 
 Duncan Vasey / Lucy Williams

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ACQURVURUNURUAA

(END) Dow Jones Newswires

October 20, 2022 08:59 ET (12:59 GMT)

Braveheart Investment (LSE:BRH)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024 Click aqui para mais gráficos Braveheart Investment.
Braveheart Investment (LSE:BRH)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024 Click aqui para mais gráficos Braveheart Investment.