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

Braveheart InvestmentAnnouncement

07/08/2024 07:00

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RNS Number : 4396Z  Braveheart Investment Group plc  07 August 2024

7 August 2024

 

Braveheart Investment Group Plc

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

 

Acquisition of further interest in Image Scan Holdings Plc

 

Braveheart Investment Group (AIM: BRH), announces an update on recent
purchases of shares by Braveheart in one of its portfolio companies, Image
Scan Holdings Plc ("Image Scan"). Between 31 March 2024 and 2 August 2024, the
Company has purchased a total of 5,500,000 ordinary shares in Image Scan at an
average price of 1.74 pence per share for a total cash consideration of
£95,550. Following these purchases, Braveheart now holds 8.45% per cent. of
the issued share capital of Image Scan.

 

Image Scan (AIM: IGE) offers a range of portable, rapid deployment and static
security solutions to global security sectors, including government and
private security organisations. Established in 1996, Image Scan was founded to
develop innovative tools and technologies for acquiring and presenting
stereoscopic and multi-view x-ray images. In the year ended 30 September
2023, Image Scan made a profit before tax of £96,577 on revenue of
approximately £2.96 million and as at 31 March 2024 had net assets of
approximately £1.39 million.

 

The Board of Braveheart continues to seek investment opportunities, both
within its existing portfolio and from outside.

 

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
 James Reeve / George Payne

 Peterhouse Capital Limited (Joint Broker)                      Tel: 020 7469 0936
 Duncan Vasey / Lucy Williams

 

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