REG - Braveheart Inv Group - Notice of GM and authority to issue shares

Braveheart InvestmentAnnouncement

16/03/2022 07:15

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RNS Number : 8997E  Braveheart Investment Group plc  16 March 2022

16 March 2022

 

Braveheart Investment Group plc

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

 

Notice of General Meeting

Authority to directors to issue shares

 

Braveheart Investment Group plc (AIM: BRH), the fund management and strategic
investor group, announces that it is sending a circular to shareholders today
convening a general meeting of the Company (the "General Meeting") in order to
seek shareholder permission to authorise the directors unconditionally, for
the purposes of Section 551 of the Companies Act 2006 (the "CA 2006"), to
allot or grant rights to subscribe for shares in the Company and, for the
purposes of Section 570 of the CA 2006, to allot shares in the Company for
cash on a non-pre-emptive basis up to an aggregate nominal amount of £400,000
or 20,000,000 ordinary shares of 2 pence each, representing 38.28% of the
Company's existing ordinary share capital.

 

Reasons for the General Meeting

The Board considers that the current volatility in markets is creating
unexpected opportunities for investment in companies in line with the
Company's investment strategy which would complement Braveheart's portfolio
and investment objectives. The Board is working to identify undervalued
technology investment opportunities and considers it needs the ability to
offer consideration, either in full or in part, in ordinary shares in the
Company to secure the best terms. The Company is not in the advanced stages of
agreeing terms on any such investment as at the date of this announcement.

 

Details of the General Meeting

The General Meeting is being convened to be held on 31 March 2022 at
10.30 a.m. at the offices of China Ventures Ltd, Unit 2, Common Farm, Common
Lane, Mappleborough Green, Warwickshire, B80 7DP in order to consider, and if
thought fit, pass the resolutions to be proposed at the General Meeting.

 

A notice of the General Meeting will be sent to shareholders today and will be
available on the Company's website, www.braveheartgroup.co.uk
(http://www.braveheartgroup.co.uk/) .

 

For further information:

 

 Braveheart Investment Group plc                                Tel: 01738 587555
 Trevor Brown CEO

 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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