29 July 2016
Braveheart Investment Group plc
('Braveheart', the 'Company')
Share price movement
The Company notes the increase in the share price today. One of the Group's portfolio companies is in advanced negotiations to sell the company to a third party. If the transaction is completed, it would result in a significant profit to the Group and a further announcement would be made at the time. There can be no certainty that such transaction will be completed. As announced on 19 July 2016, at the AGM of the Company the Chairman made a statement that "I am pleased to report that we have made a positive start to the year, achieving modest profitability during the first quarter ended 30th June 2016 and that we are on track to generate profits during the full year ending 31st March 2017." The Company knows of no other reason for the share price rise.
Further information:
|
Braveheart Investment Group Jeremy Delmar-Morgan, Chairman Trevor Brown, CEO |
Tel: +44 1738 587555 |
|
Allenby Capital Limited (Nominated Adviser and Broker to Braveheart) David Worlidge/James Thomas |
Tel: +44 20 3328 5656 |
This information is provided by RNS