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 GBP803,750.

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 GBP1.76mln on revenue of GBP21.5mln and as of that date had net assets of GBP13.8 mln.

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