BWA Group Plc

July 01, 2011 07:17 ET

Investment in Bridge Hall plc

                                                                                           01 July 2011
                                              BWA Group Plc
                                       ("BWA" or the "Company")
                                     Investment in Bridge Hall plc

The Directors of BWA, the PLUS-quoted investment company, are pleased to announce that the Company has
completed  an  investment  of £75,000 by way of a convertible loan note  issued  by  Bridge  Hall  plc
("Bridge Hall"), the parent company of Bridge Hall Stockbrokers Limited (BHSL). BHSL is an independent
stockbroking  company, based in the City of London. BHSL is authorised and regulated by the  Financial
Services Authority and is a Member of the London Stock Exchange.

The  loan  note,  which is interest free, is convertible into approximately 24% of  the  issued  share
capital  of Bridge Hall or is repayable on 30 June 2015. If the loan note was to be converted by  BWA,
FSA approval would be required prior to that conversion taking place.

The  three  Directors of BWA, Richard Battersby, James Butterfield and Alex Borrelli,  will  join  the
board of Bridge Hall with effect from 1st July 2011.

Bridge  Hall  intends to use the proceeds of the loan note to invest in the compliance procedures  and
internal systems within BHSL in order to establish a stronger base for its existing business  and  the
planned  expansion of its activities. The Directors of BWA believe that Bridge Hall has an opportunity
to consolidate its position in its market. An investment by BWA at this stage could assist Bridge Hall
with its plans and there could also be synergistic benefits to both businesses from this alliance.

The Directors of BWA are responsible for the contents of this announcement.

For further information please contact:

BWA Group Plc
Richard Battersby (Non-Executive Chairman)                                 07836 238172

St Helens Capital Partners LLP
Mark Anwyl or Duncan Vasey                                                 020 7368 6959

Contact Information

  • BWA Group Plc