REG - Braveheart Inv Group - Appointment of representative to Board of Autins

Braveheart InvestmentAnnouncement

26/09/2024 09:45

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RNS Number : 8098F  Braveheart Investment Group plc  26 September 2024

26 September 2024

 

Braveheart Investment Group plc

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

 

Appointment of Braveheart representative to the Board of Autins Group plc

 

Braveheart Investment Group plc (AIM: BRH) announces that Dr Qu Li
(Non-Executive Director of Braveheart) has been appointed as a Non-Executive
Director to the Board of Autins Group plc ("Autins"). Braveheart holds 26.95%
per cent. of the issued share capital of Autins and Dr Qu Li has been
appointed to act as a representative of Braveheart on the Board of Autins.

 

As part of Dr Qu Li's appointment to the Board of Autins, Braveheart, Autins,
and the nominated adviser to Autins have all entered into a relationship
agreement (the "Relationship Agreement"). The Relationship Agreement is to
ensure that Autins is capable of carrying on its business independently of
Braveheart at all times, and that the costs associated with Qu Li's
appointment and tenure as a Director of Autins will be borne by Braveheart.

 

Trevor Brown, CEO of Braveheart, commented:

"It is three years since we first invested in Autins. Over the ensuing months,
as we got to know Autins and its Board, we became convinced that a bright
future lay ahead for the company as conditions in the global automative market
normalized after the shock of COVID. Qu Li has a deep knowledge of the sector
built over many years and we believe that her appointment will prove
beneficial to both Boards."

 

 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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