Shares

Braveheart ready to go again after RMS windfall

Braveheart Investments share price (LON: BRH) surged by 13 percent today after the AIM-listed investment firm looked forward to delivering for investors again following its windfall from the sale of Remote Monitored Systems shares.

In an update to the market, BRH confirmed that a total dividend of £15.8m was paid earlier today following a cash boost towards the end of last year.

On 3 December 2020, the board of Braveheart (the “Board”) announced that it had declared the payment of a special interim dividend of 42.75 pence per Ordinary Share (the “Special Dividend”) which based on the issued share capital of the Company on 11 December 2020, the record date, being 37,097,451 Ordinary Shares, equates to a total dividend of approximately £15.8 million.  This dividend was paid earlier today.

Special Dividend Payment and Cash Position Statement

BRH also confirmed that it now has net cash reserves of £2.3m following the payment of the special dividend as investors hope that it will uncover another company with stellar returns.

The share price of BRH is currently at 48.50p.

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