Last checked at 20 Apr 2017 07:00
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.
20 April 2017
Braveheart Investment Group plc
('Braveheart', the 'Company' or the 'Group')
Trading Update
Braveheart Investment Group plc, the fund management and strategic investor group, is pleased to give the following update on trading.
The Group has continued to perform in line with the January 2017 trading update and, as a consequence, the Directors expect that profit before and after taxation for the year ended 31 March 2017 will be in the region of £750,000.
As opportunities have arisen, the Group has continued to invest in its strategic investment portfolio and has resulted in an increase its percentage holding in Kirkstall from 28 per cent. to 37 per cent. and following the purchase of existing shares and the provision of a convertible loan to Paraytec, the Group's interest would increase, on conversion, from 33 per cent. to 47 per cent. The Directors intend to report more fully on operational developments in the Company's investments and Viking Fund Managers in the Group's annual report and accounts for the financial year ended 31 March 2017, which they expect to release before the end of June 2017.
Trevor Brown, CEO of Braveheart, commented:
"We are pleased with our progress over the past year and have cash on our balance sheet available for further investment opportunities over the coming months."
Further information:
Braveheart Investment Group plc
Trevor Brown, Chief Executive Tel: +44 1738 587555
Allenby Capital Limited (Nominated Adviser and Broker to Braveheart)
David Worlidge / James Thomas Tel: +44 20 3328 5656