Investment Update - Autins Board change
Summary by AI BETAClose X
24 June 2026
Truetide plc
("Truetide" or the "Company")
Investment update - Autins board change
Truetide plc (AIM: TRUE), the AIM-quoted investment company, announces that Trevor Brown, chief executive of the Company, has stepped down as a Non-Executive Director of Autins Group plc (AIM: AUTG) ("Autins") with immediate effect. Truetide, which holds 29.09 per cent. of the issued share capital of Autins, retains the right under the Relationship Agreement (as detailed below) to appoint a representative to the Autins in the future and has not waived or surrendered that right.
On 26 September 2024, Truetide (then known as Braveheart Investment Group plc), Autins and Autins' nominated adviser entered into a relationship agreement (the "Relationship Agreement") to govern the ongoing relationship between Truetide and Autins as a significant shareholder. The Relationship Agreement provides Truetide with the option, but not the obligation, to nominate a representative to serve on the Autins board as a Non-Executive Director. Trevor Brown was appointed as Truetide's nominated representative on 19 November 2025.
Truetide remains a committed long-term investor in Autins and retains the right to exercise its board nomination right under the Relationship Agreement in the future, should it consider this to be appropriate.
Trevor Brown, chief executive of Truetide, commented: "Since our first investment in Autins, the group has made considerable progress. The management team has demonstrated capability to focus on tight cost management whilst delivering EPS growth and profit, and the business is now developing in line with our expectations."
For further information:
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Truetide plc |
Tel: 01738 587555 |
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Trevor Brown, Chief Executive Officer Viv Hallam, Executive Director |
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Allenby Capital Limited (Nominated Adviser and Joint Broker) |
Tel: 020 3328 5656 |
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James Reeve / Ashur Joseph |
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AlbR Limited (Joint Broker) |
Tel: 020 7469 0936 |
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Duncan Vasey / Lucy Williams |
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