Business
Investee company flotation
Investee company flotation.
About this update from Truetide Plc
[{"type":"text","content":"\n Braveheart Investment Group plc\n04 June 2007\n\n\n4 June 2007\n\n Braveheart Investment Group plc\n ('Braveheart' or the 'Group')\n \n Investee company floats on AIM\n\n\nBraveheart (AIM: BRH), the technology commercialisation and investment\nmanagement company, announces today that the Capital Pub Company PLC ('CPC'),\none of the Group's investee companies, has commenced trading on AIM under the\nticker CPUB. 19.6 million CPC shares were admitted to trading with an opening\nprice of 164 pence per share valuing it at £32 million.\n\nBraveheart clients invested as founder shareholders in 2001 and Braveheart\nitself made an investment of £45,000 in the business, at 115 pence per share,\nwhich has generated a compound rate of return of 30.5% at the listing price.\nThis is the sixth flotation of a Braveheart investee company since October 2003\nand follows Braveheart's own AIM flotation in March this year.\n\nCPC was set up in 2001 by David Bruce, the founder of the Firkin pub chain, and\nClive Watson, the former finance director of Regent Inns, as a tax efficient\nEnterprise Investment Scheme company. Since then CPC has built up an estate of\n23 non-themed, mainly freehold, pubs in and around central London.\n\nCommenting, Geoffrey Thomson said: 'Whilst the majority of investments we make\nare into technology companies which are being spun out of universities, we also\nadd diversification to our portfolio by investing in more traditional businesses\nwhere we believe there are strong investment fundamentals and a clear exit\nstrategy. Capital Pub Company fits all those criteria as well as being wrapped\nin a tax efficient package that is ideally suited to our clients needs.'\n\n\nFor further information:\n\nBraveheart Investment Group Tavistock Communications\nGeoffrey Thomson Richard Sunderland\nChief Executive Rachel Drysdale\nT: 01738 587 555 T: 020 7920 3150\n [email protected]\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2313,"tagName":"div"}]