Braveheart Investment Group plc Completion of sale of Phasefocus

RNS Number : 3628F

Braveheart Investment Group plc

04 March 2024

 

4 March 2024

 

Braveheart Investment Group Plc

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

 

Completion of sale of Phasefocus

 

Braveheart Investment Group (AIM: BRH), is pleased to announce that, further to the announcement on 22 December 2023 regarding the sale of Phasefocus Holdings Limited ("Phasefocus") to Bruker UK Limited, all outstanding conditions to the sale have now been satisfied and the sale has therefore completed.  The total proceeds receivable by the Company for the Sale was approximately £2.1 million (after expenses).  

 

Trevor Brown, CEO of Braveheart, commented: "The sale of our holding in Phasefocus represents a gain of £1.31m over cost, which is a highly satisfactory CAGR of 48.29% for Braveheart shareholders."

 

For further information:

 

Braveheart Investment Group plc	Tel: [phone]
Trevor Brown, Chief Executive Officer Viv Hallam, Executive Director
Allenby Capital Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
James Reeve / George Payne
Peterhouse Capital Limited (Joint Broker)	Tel: [phone]
Duncan Vasey / Lucy Williams

 

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