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RNS Number : 6273O

Braveheart Investment Group plc

11 October 2021

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

11 October 2021

Braveheart Investment Group plc

("Braveheart" or the "Group")

Investment in Autins Group plc

Braveheart Investment Group plc (AIM: BRH), announces that on 7 and 8 October 2021, Braveheart purchased an aggregate of 3,650,000 ordinary shares in Autins Group plc (AIM: AUTG)("Autins"), increasing its holding to 11.995% shareholding in Autins, for an aggregate consideration of GBP803,750, equivalent to an average price of 22.02p per share. Previously Braveheart held a non-notifiable holding of 1,100,000 ordinary shares in Autins, which was acquired at an aggregate cost of GBP224,140. The Braveheart Board considers this investment to be a strategic investment and thus an important addition to the Group's portfolio.

Autins, an AIM listed company, specialises in solving acoustic and thermal problems in the automotive industry and other specialist applications. Set up in 1966 as Automotive Insulations, the company became well known within the automotive sector for manufacturing parts for the original Mini.

In the year ended 30 September 2020, Autins made a loss before tax of GBP1.76 million on revenue of GBP21.5 million and as at that date had net assets of GBP13.8 million.

For further information:

 
 
 Braveheart Investment Group plc         Tel: 01738 
                                          587555 
 Trevor Brown CEO 
 
 Allenby Capital Limited (Nominated      Tel: 020 
  Adviser and Joint Broker)               3328 5656 
 David Worlidge / James Reeve / George 
  Payne 
 
 Peterhouse Capital Limited (Joint       Tel: 020 
  Broker)                                 7469 0936 
 Duncan Vasey / Lucy Williams

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October 11, 2021 02:30 ET (06:30 GMT)

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