TIDMBRH

RNS Number : 1472K

Braveheart Investment Group plc

19 December 2022

19 December 2022

Braveheart Investment Group Plc

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

Acquisition of interest in Image Scan Holdings plc

Braveheart Investment Group (AIM: BRH), is pleased to announce that it has purchased 3,250,000 ordinary shares of one pence each in Image Scan Holdings plc ("ISH") at an average price of 1 pence per share for a total consideration of GBP32,500. Upon completion of the transaction, Braveheart will own 2.37 per cent. of the issued share capital of ISH.

ISH, the specialist supplier of X-ray screening systems to the security and industrial inspection markets, is an operating company whose ordinary shares are admitted to trading on AIM (AIM: IGE). In the year ended 30 September 2022, ISH incurred a loss before taxation of GBP349,523 and as at that date had audited net assets of GBP1,387,762.

3DX-RAY, the main trading subsidiary of Image Scan Holdings plc, supplies a range of portable, rapid deployment and static security solutions to the security sector worldwide including Government and private security organisations.

3DX-RAY's customers include police, military, security services, bomb disposal teams, prisons, ports, airports, cargo handlers, freight forwarders, corporate HQs, mail rooms and stadia and events operators.

The Braveheart Board continues to seek investment opportunities, both within its existing portfolio and from outside. It considers ISH to be a company with medium term growth potential and an investment that fits well in its portfolio of advanced technology businesses.

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

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December 19, 2022 04:11 ET (09:11 GMT)

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