Autins Group Regulatory News (AUTG)

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

11 October 2021

Braveheart Investment Group plc

("Braveheart" or the "Group")

Investment in Autins Group plc

Braveheart Investment Group plc (AIM: BRH), announces that on 7 and 8 October 2021, Braveheart purchased an aggregate of 3,650,000 ordinary shares in Autins Group plc (AIM: AUTG)("Autins"), increasing its holding to 11.995% shareholding in Autins, for an aggregate consideration of £803,750, equivalent to an average price of 22.02p per share. Previously Braveheart held a non-notifiable holding of 1,100,000 ordinary shares in Autins, which was acquired at an aggregate cost of £224,140. The Braveheart Board considers this investment to be a strategic investment and thus an important addition to the Group's portfolio.

Autins, an AIM listed company, specialises in solving acoustic and thermal problems in the automotive industry and other specialist applications. Set up in 1966 as Automotive Insulations, the company became well known within the automotive sector for manufacturing parts for the original Mini.

In the year ended 30 September 2020, Autins made a loss before tax of £1.76 million on revenue of £21.5 million and as at that date had net assets of £13.8 million.

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