Braveheart (AIM: BRH), the AIM-listed specialist in growth capital investments for business angels, high net worth individuals and family offices, today announces that it has allotted the undernoted ordinary shares of 2 pence each in the Company ("Ordinary Shares") in satisfaction of the third and final tranche of consideration due on its acquisition of Viking Fund Managers Ltd (formerly Inkopo Ltd) announced on 8 June 2009.
A T G Burton
V D Hallam
W R F Gosling
D S Morris
Application has been made for admission to trading on AIM of the shares, which is expected to happen on 28 July 2011.
The number of Ordinary Shares in issue following the allotment will be 19,281,047, which is the number which 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 FSA's Disclosure and Transparency Rules.
Following this allotment, Mr Burton now holds, in aggregate, 885,161 Ordinary Shares, representing 4.59% of the enlarged share capital of the Company.
For further information please visit www.braveheartinvestmentgroup.co.uk or contact:
Braveheart Investment Group makes and manages investments in young, emerging British companies, specialising in building tax-efficient portfolios for business angels, high net worth individuals and family offices. Braveheart was founded in 1997 by a small group of investors to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Fourteen years on, Braveheart is a public company with a demonstrable track record in early-stage technology investing, an established client base and offices in Perth, London and Yorkshire.
Investments are made in unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with leading universities and innovation centres, Braveheart has access to a wide variety of emerging commercial opportunities at early stages. There are currently some 39 companies in Braveheart's diverse portfolio (includes all companies where the Group has a financial interest) and it has completed more than 100 deals.
Following the 2010 acquisition of Envestors Ltd, the London based specialist corporate finance advisory business, Braveheart has greater geographical reach and offers a unique and comprehensive suite of tax-efficient products to high-net-worth investors.
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