Braveheart Investment Group PLC (AIM:BRH) has increased its holding car parts group Autins to 11.995% after the acquisition of 3.65mln shares at 22.02p, costing £803,750.
Previously Braveheart held a non-notifiable holding of 1.1mln shares and this additional purchase is a strategic investment and part of the group’s portfolio.
AIM-listed Autins was set up in 1966 when it made parts for the original Mini.
In the year ended 30 September 2020, Autins made a loss before tax of £1.76mln on revenue of £21.5mln and as of that date had net assets of £13.8 mln.