Last checked at 4 Sep 2018 07:00
4 September 2018
Braveheart Investment Group plc
("Braveheart" or the "Company")
Further re. Partial investment disposal and share exchange with Strat Aero plc
Further to the announcement dated 21 August 2018, Braveheart Investment Group plc (AIM:BRH), the fund management and strategic investor group, is pleased to report that the GyroMetric shareholders have approved the exchange of part of Braveheart's holding in GyroMetric Systems Limited ("GyroMetric") in return for the issue of ordinary shares in Strat Aero plc ("Strat Aero"). No pre-emption rights were exercised by Gyrometric shareholders. Accordingly, the consideration of £273,600 will be satisfied by the issue of 23,791,304 new shares in Strat Aero ("Strat Aero Consideration Shares").
Strat Aero has made an application for the admission to trading on the AIM market of the Strat Aero Consideration Shares, which is expected to take place on 7 September 2018.
For further information:
Braveheart Investment Group plcViv Hallam, Executive Director
| Tel: 01738 587555 |
Allenby Capital Limited (Nominated Adviser and Joint Broker)David Worlidge / Nicholas Chambers
| Tel: 020 3328 5656 |
Peterhouse Capital Limited (Joint Broker)Heena Karani / Lucy Williams
| Tel: 020 7469 0936 |