Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Braveheart Investment Group PLC - Dodworth, England-based investment company - Announces conditional sale of Phasefocus Holdings Ltd to analytics instrumentation company Bruker UK Ltd for £5 million. Once closing conditions are satisfied, Braveheart expects completion of the sale to occur in the first quarter of 2024. Consideration will be payable in cash and represent £17.74 per Phasefocus share. Braveheart currently holds 48.3% of Phasefocus’s issued share capital. Estimates that it will receive total sale proceeds of approximately £2.1 million after expenses. Braveheart says board is still considering whether to use proceeds to continue support further investments in technology-based companies, or whether to redistribute the proceeds via a special dividend.
Current stock price: 8.68 pence, up 2.1%
12-month change: down 11%
Copyright 2023 Alliance News Ltd. All Rights Reserved.