Braveheart Investment Group plc Further re buying remaining shares of Paraytec (3845R)
28 Octubre 2019 - 11:12AM
UK Regulatory
TIDMBRH
RNS Number : 3845R
Braveheart Investment Group plc
28 October 2019
28 October 2019
Braveheart Investment Group plc
("Braveheart" or the "Company")
Completion of purchase of the remaining share capital of
Paraytec Limited
Further to the announcement dated 18 September 2019, Braveheart
Investment Group plc (AIM: BRH), the fund management and strategic
investor Group, announces that, conditional on admission of the
Consideration Shares (defined below), Braveheart has acquired the
remaining issued share capital of Paraytec Limited ("Paraytec") not
currently owned by Braveheart (the "Offer").
The Offer, which was accepted by all the other shareholders of
Paraytec, will be satisfied by the issue to Paraytec shareholders
of 995,186 new ordinary shares in Braveheart (the "Consideration
Shares"). The Consideration Shares have an aggregate value of
GBP111,652, based on the volume weighted average price of a
Braveheart ordinary share calculated for the period 1 July 2019 to
31 August 2019. The Consideration Shares will rank pari passu in
all respects with the Company's existing ordinary shares.
Application has been made to the London Stock Exchange for
admission to trading on AIM of the Consideration Shares, which is
expected to occur on or around 1 November 2019. Following such
admission, Braveheart will own the entire issued share capital of
Paraytec.
Total Voting Rights
Following admission to trading on AIM of the Consideration
Shares, the Company's issued share capital will comprise 28,077,751
ordinary shares with one voting right per share. The Company does
not hold any ordinary shares in treasury. Therefore, the total
number of ordinary shares and voting rights in the Company is
28,077,751.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules.
For further information:
Braveheart Investment Group plc Tel: 01738 587555
Viv Hallam, Executive Director
Allenby Capital Limited (Nominated Adviser Tel: 020 3328
and Joint Broker) 5656
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
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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.
END
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