Notice of GM and authority to issue shares

RNS Number : 8997E
Braveheart Investment Group plc
16 March 2022
 

16 March 2022

 

Braveheart Investment Group plc

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

 

Notice of General Meeting

Authority to directors to issue shares

 

Braveheart Investment Group plc (AIM: BRH), the fund management and strategic investor group, announces that it is sending a circular to shareholders today convening a general meeting of the Company (the "General Meeting") in order to seek shareholder permission to authorise the directors unconditionally, for the purposes of Section 551 of the Companies Act 2006 (the "CA 2006"), to allot or grant rights to subscribe for shares in the Company and, for the purposes of Section 570 of the CA 2006, to allot shares in the Company for cash on a non-pre-emptive basis up to an aggregate nominal amount of £400,000 or 20,000,000 ordinary shares of 2 pence each, representing 38.28% of the Company's existing ordinary share capital.

 

Reasons for the General Meeting

The Board considers that the current volatility in markets is creating unexpected opportunities for investment in companies in line with the Company's investment strategy which would complement Braveheart's portfolio and investment objectives. The Board is working to identify undervalued technology investment opportunities and considers it needs the ability to offer consideration, either in full or in part, in ordinary shares in the Company to secure the best terms. The Company is not in the advanced stages of agreeing terms on any such investment as at the date of this announcement.

 

Details of the General Meeting

The General Meeting is being convened to be held on 31 March 2022 at 10.30 a.m. at the offices of China Ventures Ltd, Unit 2, Common Farm, Common Lane, Mappleborough Green, Warwickshire, B80 7DP in order to consider, and if thought fit, pass the resolutions to be proposed at the General Meeting.

 

A notice of the General Meeting will be sent to shareholders today and will be available on the Company's website,  www.braveheartgroup.co.uk .

   

For further information:

 

 

 

Braveheart Investment Group plc

Tel: 01738 587555

Trevor Brown CEO

 

 

 

Allenby Capital Limited (Nominated Adviser and Joint Broker)

Tel: 020 3328 5656

David Worlidge / James Reeve / George Payne

 

 

 

Peterhouse Capital Limited (Joint Broker)

Tel: 020 7469 0936

Heena Karani / Lucy Williams

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NOGBKPBKNBKBAND
UK 100

Latest directors dealings