REG - Braveheart Inv Group - Acquisition of interest in Image Scan Holdings plc

Braveheart InvestmentAnnouncement

19/12/2022 09:15

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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 £32,500. 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 £349,523 and as at that date had
audited net assets of £1,387,762.

 

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 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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