Last checked at 18 Nov 2020 18:07
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
18 November 2020
Braveheart Investment Group plc
("Braveheart" or the "Group")
Share transactions in Remote Monitored Systems plc
Braveheart announces that on 18 November 2020, it sold a total of 112,592,405 ordinary shares in Remote Monitored System plc ("RMS") at a weighted average price of approximately 2.66 pence per share, realising gross proceeds of approximately £2,998,000. The Board will consider a variety of options for the use of the net proceeds and will inform shareholders in due course and as appropriate.
Following these sales, Braveheart no longer holds any RMS shares.
About RMS
RMS is an operating company whose ordinary shares are admitted to trading on AIM. In the year ended 31 December 2019, RMS incurred a loss before taxation of £711,942 and as at that date had net liabilities of £19,250. As at 30 June 2020 had unaudited net assets of £674,135.
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