Braveheart Investment Group Expands Stake in Image Scan Holdings

August 08, 2024 05:07 PM AEST | By Team Kalkine Media

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Braveheart Investment Group Expands Stake in Image Scan Holdings — Image source: Shutterstock

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On Wednesday, Braveheart Investment Group (LSE:BRH) announced an increase in its investment in Image Scan Holdings, a portfolio company specializing in security imaging solutions.

Details of the Share Acquisition

Between March 31 and August 2, Braveheart Investment Group acquired 5.5 million ordinary shares of Image Scan at an average price of 1.74 pence per share, amounting to a total investment of £95,550. Following this acquisition, Braveheart now holds an 8.45% stake in Image Scan Holdings.

Overview of Image Scan Holdings

Image Scan Holdings, which is traded on AIM, provides a range of portable and static security solutions utilized by government and private security organizations around the world. For the financial year ending September 30, 2023, the company reported a profit before tax of £96,577 on revenue of £2.96 million. As of March 31, 2024, Image Scan had net assets of approximately £1.39 million.

Future Investment Plans

The board of Braveheart Investment Group has stated that it continues to explore investment opportunities, both within its existing portfolio and externally.

Braveheart Investment Group PLC is a private equity and venture capital firm based in Barnsley, United Kingdom. Established in 1997, the firm focuses on a range of investment strategies, including loans, mezzanine financing, startup funding, early venture capital, emerging growth investments, turnaround investments, and buyouts in growth capital companies.

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