Braveheart Investment Group plc Further re. Partial Disposal of Investment (6320Z)

TIDMBRH

RNS Number : 6320Z

Braveheart Investment Group plc

04 September 2018

4 September 2018

Braveheart Investment Group plc

("Braveheart" or the "Company")

Further re. Partial investment disposal and share exchange with Strat Aero plc

Further to the announcement dated 21 August 2018, Braveheart Investment Group plc (AIM:BRH), the fund management and strategic investor group, is pleased to report that the GyroMetric shareholders have approved the exchange of part of Braveheart's holding in GyroMetric Systems Limited ("GyroMetric") in return for the issue of ordinary shares in Strat Aero plc ("Strat Aero"). No pre-emption rights were exercised by Gyrometric shareholders. Accordingly, the consideration of GBP273,600 will be satisfied by the issue of 23,791,304 new shares in Strat Aero ("Strat Aero Consideration Shares").

Strat Aero has made an application for the admission to trading on the AIM market of the Strat Aero Consideration Shares, which is expected to take place on 7 September 2018.

For further information:

 
 Braveheart Investment Group plc              Tel: 01738 587555 
  Viv Hallam, Executive Director 
 Allenby Capital Limited (Nominated Adviser   Tel: 020 3328 5656 
  and Joint Broker) 
  David Worlidge / Nicholas Chambers 
 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.

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