Special Dividend payment and Cash position

RNS Number : 8057K

Braveheart Investment Group plc

06 January 2021

 

6 January 2021

Braveheart Investment Group plc

("Braveheart" or the "Company")

Special Dividend payment and Cash position

On 3 December 2020, the board of Braveheart (the "Board") announced that it had declared the payment of a special interim dividend of 42.75 pence per Ordinary Share (the "Special Dividend") which based on the issued share capital of the Company on 11 December 2020, the record date, being 37,097,451 Ordinary Shares, equates to a total dividend of approximately £15.8 million.  This dividend was paid earlier today.

The Board advises that as at the close of business today it expects the Company and its subsidiaries (the "Group") to have net cash reserves of approximately £2.3 million.

For further information:

Braveheart Investment Group plc Tel: [phone] Trevor Brown, Chief Executive Officer 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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