StockMarketWire.com - Braveheart Investment Group has realised its investment in Cascade Technologies Holdings Ltd, as a result of the acquisition of that company by Emerson, a listed US engineering company, for an undisclosed cash consideration.
Braveheart acquired its minority shareholding in Cascade, a Stirling based manufacturer of gas analysers and monitoring systems using quantum cascade laser (QCL) technology, in 2006 and in 2008, investing an aggregate of £149,969.
Braveheart will receive a net cash consideration of £389,655 for its shareholding.
Around 40 of Braveheart's private clients also realised their shareholding in Cascade and most should benefit from the tax reliefs provided by the Enterprise Investment Scheme (EIS).
At 9:02am: [LON:BRH] Braveheart Investment Group PLC share price was 0p at 14.5p
Story provided by StockMarketWire.com
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