Braveheart Investments Regulatory News (BRH)

5 March 2021

Correction: the following announcement replaces the notification released on 03 March 2021 at 4.29 p.m. under RNS number 0830R.

The original RNS incorrectly stated Trevor Brown's resulting percentage of enlarged issued share as 25.55 and resulting interest in Ordinary Shares capital as 9,788,288. The correct numbers are 23.09 and 8,843,288, respectively.

Braveheart Investment Group plc

("Braveheart" or the "Company")

Exercise of Employee Share Options, Block Admission Application, Issue of Equity and

Total Voting Rights

Braveheart Investment Group (AIM: BRH) announces that it has received notices of exercise of employee share options by Trevor Brown, a director of the Company, over a total of 1,200,000 new ordinary shares of 2p each (the "New Shares") as follows:

Following the issue of these shares Trevor Brown will have the following interest in the Company's Ordinary Shares:

Application will be made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 9 March 2021 ("Admission"). The New Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Block Admission Application

Braveheart further announces that an application has been made to the London Stock Exchange for a block admission to trading on AIM of 1,150,000 new ordinary shares of 2p each in the Company ("New Ordinary Shares") (the "Block Admission"). The Block Admission is being made for any issue and allotment of New Ordinary Shares arising from the exercise of options issued pursuant to the award of share options to directors, employees and consultants announced on 17 December 2020, after excluding the above options exercised by Trevor Brown.

Upon issue, the New Ordinary Shares will be issued credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company. In accordance with rule 29 of the AIM Rules for Companies, the number of New Ordinary Shares issued and allotted under the Block Admission arrangement will be announced every six months.

It is expected that the Block Admission will become effective on or around 9 March 2021. 

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 38,297,451 ordinary shares of 2p each. The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 38,297,451. This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them