Braveheart Inv Regulatory News (BRH)

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

6 April 2022

Braveheart Investment Group plc

("Braveheart", the "Company" or the "Group")

Placing to raise £215,113 before expenses

Braveheart Investment Group (AIM: BRH), is pleased to announce a placing of 1,434,091 new ordinary shares of 2 pence each in the Company ("Placing Shares") at a price of 15 pence per share ("Placing Price"), raising gross proceeds of £215,113 before expenses (the "Placing").

Highlights

· Fundraise of £215,113, through a conditional placing by the Company's broker, Peterhouse Capital Limited, of 1,434,091 new ordinary shares of 2 pence each in the Company at an issue price of 15 pence per Placing Share.

· The Placing Shares will represent approximately 2.67 per cent. of the enlarged issued share capital of the Company.

· The Placing Shares are being issued at a price of 15 pence per Placing Share, representing a discount of 10 per cent. to the closing mid-market share price of an existing ordinary share on 5 April 2022 of 16.5p, the business day prior to this announcement.

· The Company has utilised its existing authority to issue new ordinary shares for cash on a non-pre-emptive basis.

· Trevor Brown, Chief Executive of the Company, has subscribed for 143,407 Placing Shares.

Trevor Brown, Braveheart CEO, commented: "We are delighted to have been able to raise this extra funding which will enable Braveheart to continue its investment in portfolio assets."

Director participation in the Placing

Trevor Brown, Chief Executive of the Company, has subscribed for 143,407 Placing Shares, at the issue price of 15 pence per ordinary share. Following completion of the Placing, Trevor Brown will hold 4,894,420 ordinary shares in the Company, equivalent to 9.12 per cent. of the Company's issued share capital as enlarged by the Placing. The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended below.

Details of the Placing and total voting rights

A total of 1,434,091 Placing Shares are to be issued at a price of 15 pence per share. The Placing has been conducted utilising the Company's existing share authorities granted at the Annual General Meeting of the Company held on 14 July 2021. Peterhouse Capital Limited acted as the Company's broker in connection with the Placing. Allenby Capital Limited acted as the Company's nominated adviser in connection with the Placing. The Placing is conditional, inter alia, on admission of the Placing Shares to trading on AIM ("Admission") becoming effective.

The net proceeds of the Placing will be used by the Company in order to be able to continue to support the Strategic Investments of the Company in their development and, if appropriate, for new investments and for working capital generally.

Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares on AIM will commence on or around 11 April 2022.

On Admission, the Company's issued ordinary share capital will consist of 53,674,431 ordinary shares of 2 pence each, with one vote per share. The Company does not hold any ordinary shares in treasury. Therefore, on Admission, the total number of ordinary shares and voting rights in the Company will be 53,674,431. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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