Braveheart Investment Group plc Result of AGM and GM (1924V)
19 July 2018 - 9:15PM
UK Regulatory
TIDMBRH
RNS Number : 1924V
Braveheart Investment Group plc
19 July 2018
19 July 2018
Braveheart Investment Group plc
("Braveheart" or the "Company")
Result of Annual General Meeting
Result of General Meeting
Further re Proposed Reduction of Share Capital
Braveheart Investment Group plc (AIM: BRH), the fund management
and strategic investor group, announces that, at its annual general
meeting held earlier today, all resolutions were duly passed.
The Company also announces that at its general meeting held
earlier today, the special resolution was duly passed in relation
to the cancellation of the Company's share premium account (the
"Capital Reduction"), to enable the Directors to consider the
payment of dividends to its shareholders as a means of returning
income to shareholders should the Directors consider it appropriate
to do so.
The Capital Reduction is now conditional on confirmation by the
Court and on the appropriate documents being lodged with the
Registrar of Companies. An application to the Court will be made
shortly, and the procedure is expected to be completed within six
to eight weeks.
The Directors have been advised that, having regard to the
circumstances at the date of this announcement, the Court is
expected to confirm the Capital Reduction. The Directors are not,
however, able to guarantee the Court's confirmation of the Capital
Reduction. It is important to note that the Capital Reduction will
not take effect unless it is confirmed by the Court.
Further details of the Capital Reduction are set out in the
Company's announcement of 18 June 2018 and the circular sent to
Shareholders on 21 June 2018 (the "Circular"). Defined terms used
but not defined in this announcement have the meanings set out in
the Circular.
The Company will provide further updates in due course.
For further information:
Braveheart Investment Group plc Tel: 01738 587555
Trevor Brown, Chief Executive
Allenby Capital Limited (Nominated Adviser Tel: 020 3328
and Joint Broker) 5656
David Worlidge / Nicholas Chambers
Peterhouse Corporate Finance Ltd (Joint Broker) Tel: 020 7469
Heena Karani / Lucy Williams 0936
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCRLMBTMBBBBTP
(END) Dow Jones Newswires
July 19, 2018 07:15 ET (11:15 GMT)
Braveheart Investment (LSE:BRH)
Historical Stock Chart
From Apr 2024 to May 2024
Braveheart Investment (LSE:BRH)
Historical Stock Chart
From May 2023 to May 2024