Braveheart Investments Regulatory News (BRH)

4 Jun 2007 10:44

Braveheart Investment Group plc04 June 2007 4 June 2007 Braveheart Investment Group plc ("Braveheart" or the "Group") Investee company floats on AIM Braveheart (AIM: BRH), the technology commercialisation and investmentmanagement company, announces today that the Capital Pub Company PLC ("CPC"),one of the Group's investee companies, has commenced trading on AIM under theticker CPUB. 19.6 million CPC shares were admitted to trading with an openingprice of 164 pence per share valuing it at £32 million. Braveheart clients invested as founder shareholders in 2001 and Braveheartitself made an investment of £45,000 in the business, at 115 pence per share,which has generated a compound rate of return of 30.5% at the listing price.This is the sixth flotation of a Braveheart investee company since October 2003and follows Braveheart's own AIM flotation in March this year. CPC was set up in 2001 by David Bruce, the founder of the Firkin pub chain, andClive Watson, the former finance director of Regent Inns, as a tax efficientEnterprise Investment Scheme company. Since then CPC has built up an estate of23 non-themed, mainly freehold, pubs in and around central London. Commenting, Geoffrey Thomson said: "Whilst the majority of investments we makeare into technology companies which are being spun out of universities, we alsoadd diversification to our portfolio by investing in more traditional businesseswhere we believe there are strong investment fundamentals and a clear exitstrategy. Capital Pub Company fits all those criteria as well as being wrappedin a tax efficient package that is ideally suited to our clients needs." For further information: Braveheart Investment Group Tavistock CommunicationsGeoffrey Thomson Richard SunderlandChief Executive Rachel DrysdaleT: 01738 587 555 T: 020 7920 3150 rdrysdale@tavistock.co.uk This information is provided by RNS The company news service from the London Stock Exchange