Business
Issue of Equity and Placing of Shares
Issue of Equity and Placing of Shares.
About this update from Truetide Plc
[{"type":"text","content":"\n \nRNS Number : 8618A Braveheart Investment Group plc 05 April 2012 \n \n\n5 April 2012\nBraveheart Investment Group plc\n(the 'Company')\nIssue of Equity and Placing of Shares\n \nBraveheart Investment Group plc (BRH), the AIM-listed investment management group specialising in venture capital investments and investment services to business angels, high net worth individuals, family offices and public sector organisations, is pleased to announcea fundraising of £336,000, following a subscription by new and existing shareholders for 2,239,998 new ordinary shares at a price of 15 pence per share. \n \nThe new subscription shares will represent approximately 10.4 per cent of the issued share capital of the Company as enlarged by the subscription. The proceeds of the subscription will be used for general working capital and for funding the acquisition of Neon Capital Partners Limited, announced on 23 March 2012.\n \nThe subscription is conditional upon admission of the new shares to trading on AIM. Admission is expected to become effective and dealings are expected to commence on 10 April 2012. \n \nThe number of Ordinary Shares in issue following the subscription will be 21,521,045, which is the number which 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 Company under the FSA's Disclosure and Transparency Rules.\n \nGeoffrey Thomson, Chief Executive, said: \"We are delighted with the continued support of our shareholders who have recognised the added value of the recently announced Growth Loan Fund in Northern Ireland and the acquisition of Neon Capital Partners Limited.\"\n \n\n \n Notifiable shareholdings prior to and following the subscription and the sale of existing shareholdings are as follows:\n \n\n\n\n\n\n\n\nPrior to transaction\n\n\n\n\n\nFollowing transaction\n\n\n\n\nShareholder\n\n\nNumber\n\n\nPercentage of issued \n\n\n\n\n\nNumber\n\n\nPercentage of issued \n\n\n\n\nBBHISL Nominees Limited1\n\n\n5,626,840 \n\n\n29.18% \n\n\n\n\n\n5,626,840\n\n\n26.14%\n\n\n\n\nG C B Thomson\n\n\n2,350,890\n\n\n12.19%\n\n\n\n\n\n2,350,890\n\n\n10.92%\n\n\n\n\nD C Thomson Ltd\n\n\n1,319,300 \n\n\n6.84% \n\n\n\n\n\n2,149,300\n\n\...