TIDMBRH

RNS Number : 7896G

Braveheart Investment Group plc

31 March 2022

31 March 2022

Braveheart Investment Group plc

("Braveheart", the "Company" or the "Group")

Result of General Meeting

Braveheart Investment Group plc (AIM: BRH), the fund management and strategic investor group, announces that, at the General Meeting of the Company held earlier today, the resolution put to shareholders giving the directors authority to allot shares generally was approved but the resolution to grant the directors authority to allot shares for cash on a non-pre-emptive basis was not approved.

Accordingly, shareholder permission has been received to authorise the directors unconditionally, for the purposes of Section 551 of the Companies Act 2006 (the "CA 2006"), to allot or grant rights to subscribe for shares in the Company up to an aggregate nominal amount of GBP400,000 or 20,000,000 ordinary shares of 2 pence each, although not for cash on a non-pre-emptive basis.

The results of the proxy voting are outlined in the table below and will be available on the Company's website braveheartgroup.co.uk in due course.

 
  RESOLUTIONS         NO OF VOTES         % OF VOTES       NO OF         % OF VOTES        TOTAL VOTES   NO OF VOTES 
                              FOR    CAST (EXCLUDING       VOTES    CAST (EXCLUDING    CAST (EXCLUDING      WITHHELD 
                                      VOTES WITHELD)     AGAINST     VOTES WITHELD)    VOTES WITHHELD) 
 Ordinary Business 
 1) to authorise 
  the directors 
  to replace 
  the existing 
  authority 
  to allot 
  shares in 
  the Company 
  in connection 
  with s551 
  of the Companies 
  Act 2006              8,247,777              70.70   3,418,326              29.30         11,666,103         2,658 
                     ------------  -----------------  ----------  -----------------  -----------------  ------------ 
 Special Business 
 2) to authorise 
  the directors 
  to allot 
  Relevant 
  Securities 
  as if s561 
  of the Companies 
  Act 2006 
  did not apply         8,246,004              71.92   3,220,099              28.08         11,466,103       202,658 
                     ------------  -----------------  ----------  -----------------  -----------------  ------------

For further information:

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

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END

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(END) Dow Jones Newswires

March 31, 2022 07:17 ET (11:17 GMT)

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