Braveheart Investments Regulatory News (BRH)

12 Nov 2008 07:00



For release 07.00, 12 November 2008

Braveheart Investment Group plc

("Braveheart" or the "Group")

NEW APPOINTMENTS

Braveheart appoints Director of Marketing

Braveheart (AIM: BRH), the technology commercialisation and investment management company, today announces the appointment of Richard Nunneley as the Group's Director of Marketing. This is an entirely new position Braveheart has created to help fulfil the Group's growth strategy outside Scotland and as such Richard will be based in the Group's London office. 

Richard spent his early career with BZW training as a Fund manager. He subsequently joined the Army in 1974 and retired from the Black Watch in 1991. Following this he returned to fund management, starting at Brown Shipley Stockbrokers and going on to become a Director at Mercury Asset Management and Cazenove. He now joins Braveheart from Kaupthing Singer and Friedlander where he served as a Director since 2006. Richard is multi-lingual and also serves as a Non-executive director of Cap Gemini Financial Services.

In addition, Braveheart's Legal Counsel, Stephen Hart, who has been on secondment at Braveheart since April, has now joined the Group permanently. Stephen studied for his law degree and master's degree in European & International trade law at the University of Leicester and trained with Maclay Murray & Spens in London qualifying as an English solicitor in September 2001. He became an associate with Maclays in Edinburgh in 2007, practicing a wide variety of corporate work with particular expertise in private equity, joint ventures, funds and partnerships. 

Commenting on the appointments, Geoffrey Thomson, Chief Executive of Braveheart said, 

 "As previously announced we are keen to broaden Braveheart's presence throughout the UK to ensure we are well placed for when current market turbulence improves. Richard's appointment will be crucial in demonstrating our wider focus and achieving a presence in the South. As well as this new appointment we are delighted that we have been able to retain Stephen Hart's services, thus further strengthening our Corporate Finance function."

For further information please visit www.braveheart-ventures.co.uk or contact:

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.

Braveheart's diverse portfolio currently comprises over 30 companies and it has completed over 70 deals in its ten year history, including 6 IPOs, 3 trade sales and 8 write-offs and has an exit IRR of 33%.

At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade.