9th Sep 2009 14:28
9 September 2009
Braveheart Investment Group plc
("Braveheart" or the "Group")
RESULT OF AGM
Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that at its Annual General Meeting held earlier today all resolutions were duly passed.
For further information please visit www.braveheartinvestmentgroup.co.uk or contact:
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Braveheart Investment Group |
Tavistock Communications (for Braveheart) |
|
Geoffrey Thomson, Chief Executive |
Simon Hudson / James Midmer |
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Tel: 01738 587555 |
Tel: 020 7920 3150 |
Notes to Editors
Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.
Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.
Braveheart's diverse portfolio currently comprises around 30 companies and it has completed over 80 deals in its twelve year history, including six IPOs, three trade sales and eight write-offs and has an exit IRR of 33%.
At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade.
On 8 June 2009 the Group announced the acquisition of Inkopo Limited. This acquisition, based principally on an earn-out consideration, gives the Group an established presence in Yorkshire, an additional revenue stream and further complementary income from investment facilitation and management activities.
Related Shares:
Braveheart Investments