REG - Braveheart Inv Group - Acquisition of further interest in Aukett Swanke

Braveheart InvestmentAnnouncement

01/09/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220901:nRSA8506Xa&default-theme=true

RNS Number : 8506X  Braveheart Investment Group plc  01 September 2022

 

1 September 2022

Braveheart Investment Group plc

 

("Braveheart" or "the Group")

 

Acquisition of further interest in Aukett Swanke Group plc,

Issue of Consideration Shares and Total Voting Rights

 

 

Braveheart Investment Group (AIM: BRH), is pleased to announce that it has
purchased a further 4,233,293 ordinary shares of one pence each in Aukett
Swanke Group plc ("ASG")( the "Existing ASG Shares"), at a price of 1.88 pence
per share, being the closing mid-market price on 30 August 2022, for a total
consideration of £79,585.91. The consideration will be satisfied by the issue
of a total of 740,334 new ordinary shares of 2 pence each in Braveheart (the
"Consideration Shares"), with the issue price of the Consideration Shares
being 10.75 pence each, the closing mid-market price of a Consideration Share
on 30 August 2022. Upon completion of the transaction, Braveheart will own
10.91 per cent. of the issued share capital of ASG.

 

 

Application will be made to the London Stock Exchange for the Consideration
Shares to be admitted to trading on AIM ("Admission"). It is anticipated that
Admission will occur, and dealings will commence in the Consideration
Shares at 8.00 a.m. on, or around, 7 September 2022.

 

 

Total voting rights

 

Following Admission, the Company will have 56,406,416 ordinary shares of 2
pence each in issue, each with one voting right. There are no shares held in
treasury. Therefore, the Company's total number of ordinary shares and voting
rights will be 56,406,416. This figure may be used by shareholders from
Admission 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 Guidance and
Transparency Rules.

 

 

 For further information:
 Braveheart Investment Group plc                                Tel: 01738 587555
 Trevor Brown, Chief Executive Officer

 Viv Hallam, Executive Director

 Allenby Capital Limited (Nominated Adviser and Joint Broker)   Tel: 020 3328 5656
 David Worlidge / James Reeve / George Payne

 Peterhouse Capital Limited (Joint Broker)                      Tel: 020 7469 0936
 Heena Karani / 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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQWPUCURUPPPGG