Braveheart Investment ups stake in Remote Monitored Systems after £200K participation in placing

Mon, 13th Jul 2020

Braveheart Investment said it had conditionally subscribed for 80m new ordinary shares in Remote Monitored Systems'equity placing for £200K, taking its stake in the latter to about 25.79%. Braveheart also held 100,000 warrants over new shares in Remote Monitored Systems (RMS), which were exercisable at a price of 0.5 pence per share. RMS had two trading subsidiaries, GyroMetric Systems - in which it owned a 58% stake - that developed and manufactured digital monitoring and safeguarding systems for rotating shafts and Cloudveil, an intelligence services and security risk management business, which was acquired in September 2019. At 8:35am: (LON:BRH) Braveheart Investment Group PLC share price was 0p at 13.25p Story provided by StockMarketWire.com

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