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

Braveheart InvestmentAnnouncement

05/10/2022 12:30

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RNS Number : 9111B  Braveheart Investment Group plc  05 October 2022

05 October 2022

 

Braveheart Investment Group Plc

 

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

 

Acquisition of further interest in Aukett Swanke Group plc

 

 

Braveheart Investment Group (AIM: BRH), is pleased to announce that it has
purchased a further 13,728,486 ordinary shares of one pence each in Aukett
Swanke Group plc ("ASG") at an average price of 2.416 pence per share for a
total consideration of £331,734.36. Upon completion of the transaction,
Braveheart will own 19.37 per cent. of the issued share capital of ASG.

 

 

ASG is an operating company whose ordinary shares are admitted to trading on
AIM (AIM: AUK). In the year ended 30 September 2021, ASG incurred a loss
before taxation of £1,531,000 and as at 31 March 2022 had unaudited net
assets of £2,631,000.

 

 

ASG is a professional services group that principally provides architectural
and interior design services in the primary international market sectors of
offices, residential, education, industrial, hospitality and mixed use or
'hybrid' developments. It has two principal UK subsidiaries, Aukett Swanke
Limited and Veretec Limited as well as a network of offices in Abu Dhabi, Al
Ain, Berlin, Dubai, Frankfurt, Istanbul, London,Prague and Moscow .

 

 

The Board continues to seek investment opportunities, both within its existing
portfolio and from outside. It considers ASG 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 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

 

 

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