Business
Posting of annual report and notice of AGM
Posting of annual report and notice of AGM.
About this update from Truetide Plc
[{"type":"text","content":"\n\n5 July 2023\nBraveheart Investment Group plc\n(\"Braveheart\", the \"Company\" or the \"Group\")\n \nPosting of annual report and accounts, notice of AGM and\nproposed amendment to investment strategy\n \nBraveheart Investment Group (AIM: BRH), announces that the Company's annual report and accounts for the year ended 31 March 2023, which incorporates notice of the Company's 2023 Annual General Meeting (\"AGM\") will be posted to shareholders today and will be available to download from the Company's website at www.braveheartgroup.co.uk.\n \nThe AGM will be held on 28 July 2023 at 10.30 am at the office of China Ventures Ltd, Unit 2, Common Farm, Common Lane, Mappleborough Green, Warwickshire, B80 7DP.\n \nProposed amendments to the Group's investment strategy\n \nThe AGM notice contains a resolution (the \"Investment Strategy Resolution\") to permit the Directors to replace the Company's investment strategy (the \"Investment Strategy\") as set out in part 1 of the Company's admission document dated 27 March 2007, which determines the permitted business and strategy of the Company.\n \nThe proposed new Investment Strategy is set out below:\n \nThe Group's strategy is to invest in early and later-stage businesses, primarily in the technology sector, but it will also consider opportunities in other sectors that are knowledge intensive, such as healthcare and professional services.\n \nThe Group will target investments in both unlisted and listed companies, where there is potential for significant growth. Investments are expected to be mainly in the form of equity and equity-related instruments, including convertible debt instruments in certain circumstances.\n \nThe Group may acquire investments directly or by way of holdings in intermediate holding or subsidiary entities. The Group might also invest in limited liability partnerships and other forms of legal entity. Where possible, the Group will seek investor protection rights, as determined by the Board.\n \nThe Group may offer its Ordinary Shares in exchange for shares in investee businesses in addition to a cash investment in such businesses.\n \nFor unlisted company investments, the Group targets companies at different stages of development, ranging from those which are just starting to trade to those which are expect...