LONDON (Alliance News) - Braveheart Investment Group PLC on Tuesday said it completed the disposal of the entire share capital of its subsidiary, Viking Fund Managers Ltd, for cash proceeds of GBP110,000.
Additional payment, estimated to be GBP170,500, id due to be paid in cash once the performance fee of an existing fund management contract has been agreed with the client in early 2020, the company explained.
Furthermore, cash of GBP72,000 held by Viking at the date of completion was not included in the sale and has now been transferred to Braveheart.
Braveheart Investment shares were untraded at 9.79 pence each.