Braveheart Investment Group plc Acquisition of interest in Image Scan Holdings plc
August 07 2024 - 1:00AM
RNS Regulatory News
RNS Number : 4396Z
Braveheart Investment Group plc
07 August 2024
7 August 2024
Braveheart Investment Group Plc
("Braveheart", the "Company" or the "Group")
Acquisition of further interest in Image Scan
Holdings Plc
Braveheart Investment
Group (AIM: BRH), announces an update on recent purchases
of shares by Braveheart in one of its portfolio companies, Image
Scan Holdings Plc ("Image
Scan"). Between 31 March 2024 and 2 August 2024, the Company
has purchased a total of 5,500,000 ordinary shares in Image Scan at
an average price of 1.74 pence per share for a total cash
consideration of £95,550. Following these purchases, Braveheart now
holds 8.45% per cent. of the issued share capital of Image
Scan.
Image Scan (AIM: IGE) offers a range
of portable, rapid deployment and static security solutions to
global security sectors, including government and private security
organisations. Established in 1996, Image
Scan was founded to develop innovative tools and technologies for
acquiring and presenting stereoscopic and multi-view x-ray
images. In the year ended 30 September
2023, Image Scan made a profit before tax of £96,577 on revenue of
approximately £2.96 million and as at 31 March 2024 had net assets
of approximately £1.39 million.
The Board of Braveheart continues to
seek investment opportunities, both within its existing portfolio
and from outside.
For further information:
|
Braveheart Investment Group plc
|
Tel: 01738 587555
|
|
Trevor Brown, Chief Executive
Officer
Viv Hallam, Executive
Director
|
|
|
|
|
|
Allenby Capital Limited (Nominated Adviser and Joint
Broker)
|
Tel: 020 3328 5656
|
|
James Reeve / George
Payne
|
|
|
|
|
|
Peterhouse Capital Limited (Joint
Broker)
|
Tel: 020 7469 0936
|
|
Duncan Vasey / Lucy
Williams
|
|
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END
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