Share transactions in Remote Monitored Systems plc

RNS Number : 6382F

Braveheart Investment Group plc

17 November 2020

 

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.

17 November 2020

Braveheart Investment Group plc

("Braveheart" or the "Group")

Share transactions in Remote Monitored Systems plc

Braveheart announces that on 16 and 17 November 2020, it sold a total of  287,400,000 ordinary shares in Remote Monitored System plc ("RMS") at a weighted average price of approximately 3.923 pence per share, realising gross proceeds of 11,274,998. 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 holds 112,592,405 RMS shares, representing approximately 7.11% per cent. of the voting rights of RMS.

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.

For further information:

Braveheart Investment Group plc Tel: [phone] Vivian Hallam, Director Allenby Capital Limited (Nominated Adviser and Joint Broker) Tel: [phone] David Worlidge / James Hornigold Peterhouse Capital Limited (Joint Broker) Tel: [phone] Heena Karani / Lucy Williams

 

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