REG - Braveheart Inv Group - Result of Broker Option and Total Voting Rights

Braveheart InvestmentAnnouncement

21/05/2025 07:00

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RNS Number : 4941J  Braveheart Investment Group plc  21 May 2025

21 May 2025

 

Braveheart Investment Group plc

("Braveheart" or the "Company")

 

Result of Broker Option and Total Voting Rights

 

Braveheart Investment Group plc (AIM: BRH), announces the result of the
broker option, details of which were announced on 16 May 2025 (the "Broker
Option").

 

The Company's broker, Peterhouse Capital Limited ("Peterhouse"), received
applications under the Broker Option in excess of £100,000 and has agreed
with the Company to increase the size of the Broker Option to allow all bids
to be satisfied. The Broker Option has therefore raised gross proceeds of
£160,000 via the issue of 8,000,000 new ordinary shares in the Company (the
"Broker Option Shares") at an issue price of 2 pence per Broker Option Share
(the "Issue Price").  Together with the placing to raise £135,000 announced
on 16 May 2025 (the "Placing"), the Company has raised gross proceeds of
£295,000.

 

The additional funds raised under the Broker Option will be used for general
working capital purposes.

 

Director participation in the Broker Option

 

Trevor Brown, CEO, has subscribed for a total of 2,370,000 Broker Option
Shares at the Issue Price. On admission of the Broker Option Shares to trading
on AIM ("Admission"), Trevor Brown's total beneficial interest in the
Company's share capital will be 21,965,215 ordinary shares in the Company
("Ordinary Shares"), representing approximately 27.99 per cent. of the voting
rights in the Company's enlarged share capital. The FCA notification, made in
accordance with the requirements of the UK Market Abuse Regulation, is
appended below.

 

Related party transaction

 

The participation of Trevor Brown in the Placing and Broker Option is a
related transaction under the AIM Rules for Companies. The independent
Directors of Braveheart, being Qu Li, Susan Hagan and Vivian Hallam, consider,
having consulted with Allenby Capital Limited, the Company's Nominated
Adviser, that the terms of Trevor Brown's participation in the Placing and
Broker Option are fair and reasonable insofar as the shareholders of
Braveheart are concerned.

 

Admission to trading

 

Application will be made to the London Stock Exchange plc for the admission of
8,000,000 Broker Option Shares to trading on AIM and it is expected that
admission will occur at 8.00 a.m. on 27 May 2025. The Broker Option Shares
will rank pari passu with the Company's existing Ordinary Shares.

 

Total voting rights

 

Following Admission, the Company's issued ordinary share capital will consist
of 78,473,489 Ordinary Shares, all of which carry one voting right per share.
The Company does not hold any Ordinary Shares in treasury. Therefore, the
total number of Ordinary Shares and voting rights in the Company will be
78,473,489. With effect from Admission, this figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Defined terms used in the Placing announcement on 16 May 2025 have the same
meanings when used in this announcement, unless otherwise defined herein.

 

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 / Ashur Joseph

 Peterhouse Capital Limited (Joint Broker)                      Tel: 020 7469 0936

 

 1     Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           Trevor Brown

 2     Reason for the notification
 a)    Position/status                                                Chief Executive Officer

 b)    Initial notification /Amendment                                Initial notification
 3     Details of the issuer, emission allowance market participant, auction
       platform, auctioneer or auction monitor
 a)    Name                                                           Braveheart Investment Group Plc
 b)    LEI                                                            2138006HQ3COMU626I61
 4     Details of the transaction(s): section to be repeated for (i) each type of

     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
       place where transactions have been conducted
 a)    Description of the financial instrument, type of instrument    Ordinary shares of 2 pence each in Braveheart Investment Group Plc

       Identification code

                                                                      Identification code (ISIN) for Braveheart Investment Group Plc ordinary
                                                                      shares: GB00B13XV322
 b)    Nature of the transaction                                      Purchase of ordinary shares
 c)    Price(s) and volume(s)                                         Price(s)  Volume(s)
                                                                      2p        2,370,000
 d)    Aggregated information:                                        N/A

       -      Aggregated volume

       -      Price
 e)    Date of the transaction                                        20 May 2025
 f)    Place of the transaction                                       London Stock Exchange, XLON

d)

Aggregated information:

-      Aggregated volume

-      Price

N/A

e)

Date of the transaction

20 May 2025

f)

Place of the transaction

London Stock Exchange, XLON

 

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