Completion of restructuring and Directorate change

RNS Number : 2330M

Braveheart Investment Group plc

06 May 2015

 



6 May 2015

Braveheart Investment Group plc

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

Completion of restructuring and Directorate change

Braveheart Investment Group plc (AIM: BRH), the financial services company that facilitates SME growth through investment by public and private sector sources, today announces that following its announcement last month regarding a review of its management structure and cost base, Carolyn Smith, Chief Investment Officer has today stood down from the Board and will leave the Company at the end of July.  Her duties will be assumed by other members of the investment team and Geoffrey Thomson, Chief Executive, will take overall responsibility for the investment function. 

Geoffrey Thomson said:  "This announcement completes the restructuring of the head office function, something we have been working on since late last year.  The result is a leaner, fitter business, with operating costs reduced by approximately £350,000.  I would like to thank Carolyn Smith for her hard work and devotion to the Company over many years."

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive                                                                       Tel: [phone]

[e-mail]

Sanlam Securities UK Limited (Nominated Advisor and Broker)

Lindsay Mair                                                                                                                      Tel: [phone]

Media Enquiries:

Allerton Communications

Peter Curtain                                                                                                                     Tel: [phone]

[e-mail]

Notes to Editors

Braveheart Investment Group plc

Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows:

For the company looking to raise money, we provide:

·     Equity Capital. This form of financing is typically long term and is usually appropriate for fast growing business or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum or £2m although we are happy to participate in larger financings as part of a syndicate;

·     Debt Finance. Short to medium term and for companies with cash flow to service the loan. Our unit size for this type of finance is up to £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument.

The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.

To the investor, we provide a one-stop shop service to those in one of the following groups who are looking for exposure to SME investments:

·     High Net Worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;

·     Family offices and private sector institutions;

·     The Public Sector.

Investors can choose between investment types ranging from self-build portfolios, to a full fund management service.

 

END

 

 

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