IN BRIEF: Braveheart to change name as Scotland no longer 'true' focus

Braveheart Investment Group PLC - Glasgow, Scotland-based investor in listed and unlisted companies in technology sector - Plans to change its name to Truetide PLC to reflect changes in its business since listing on AIM in 2007. At that time, Braveheart was based in Perth, Scotland and focused on investment management for private clients and universities based in Scotland. "'Braveheart' generated a strong marketing call to Scots at the time," the company says, "but today, the business no longer has that connection with Scotland and moved away from the private client market." The new name better reflects its new investment focus, it says. Once the name change is effective, the company's stock ticker will change to 'TRUE'.

Current stock price: 2.07 pence for GBP1.6 million market capitalisation

12-month change: down 54%

By Tom Waite, Alliance News editor

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