Braveheart Investment Group plc Grant of options (2333U)
27 Março 2023 - 3:00AM
UK Regulatory
TIDMBRH
RNS Number : 2333U
Braveheart Investment Group plc
27 March 2023
27 March 2023
Braveheart Investment Group plc
("Braveheart" or the "Company")
Grant of options
Braveheart Investment Group (AIM: BRH), announces that, on 24
March 2023, the Company granted options over a total of 2,950,000
ordinary shares of 2p each in the Company ("Ordinary Shares") to
the Directors and a service provider to the Company (the
"Options"). The Options have been granted pursuant to the Company's
share option plan adopted on 16 December 2020.
In order to be eligible to receive new EMI options, Vivian
Hallam, Executive Director, has, on 24 March 2023, surrendered
523,808 EMI options previously granted to him on 14 October 2021
and that had an exercise price of 31.5p.
In aggregate, 2,900,000 Options have been granted to Directors
of the Company, as follows:
Name Resultant Percentage
No. options holding of the current
over Ordinary No. options of options issued share
Shares previously No. Options over Ordinary over Ordinary capital
held granted Shares surrendered Shares held of the Company
Trevor Brown 1,500,000 1,250,000 - 2,750,000 4.3
------------------- ------------ -------------------- --------------- ----------------
Vivian Hallam 2,500,000 1,250,000 523,808 3,226,192 5.1
------------------- ------------ -------------------- --------------- ----------------
Susan Hagan 50,000 200,000 - 250,000 0.4
------------------- ------------ -------------------- --------------- ----------------
Qu Li 0 200,000 - 200,000 0.3
------------------- ------------ -------------------- --------------- ----------------
The Options granted to Vivian Hallam are EMI options and the
Options granted to Trevor Brown, Susan Hagan and Qu Li are
unapproved options. The exercise price of the Options is 7.75p,
being the closing mid-market price of an Ordinary Share on 24 March
2023, the date of grant. The Options will vest from 27 March 2024
and be exercisable up to 27 March 2033, subject to continued
employment. The Options granted to Trevor Brown and Vivian Hallam,
as Executive Directors of the Company, have an additional
performance related vesting criteria that the closing mid-market
price of an Ordinary Share must exceed 9.6875p (being a 25% premium
to the Option exercise price) for 10 business days out of a
consecutive 30 business day period.
Following the grant of the Options and surrender of historic
options held by Viv Hallam, the Company now has options outstanding
over a total of 7,022,192 Ordinary Shares, equivalent to 11.0% of
the Company's current issued share capital.
Further details of the Options can be found in the Notification
of Dealing Form below.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
-----------------------------------------------------------------------
a) Name Trevor Brown Chief Executive
Officer
Vivian Hallam Executive Director
-----------------------
Susan Hagan Non-Executive Director
-----------------------
Qu Li Non-Executive Director
-----------------------
--------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status See 1a) above
--------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Braveheart Investment Group plc
--------------------------- ------------------------------------------
b) LEI 2138006HQ3COMU626I61
--------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------
a) Description of the Ordinary shares of 2 pence each in
financial instrument, Braveheart Investment Group plc
type of instrument
Identification code GB00B13XV322
--------------------------- ------------------------------------------
b) Nature of the transactions Grant of options over ordinary shares
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: Exercise price of 7.75p per
option
Trevor Brown 1,250,000
Vivian Hallam 1,250,000
----------
Susan Hagan 200,000
----------
Qu Li 200,000
----------
--------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
- Principal amount
--------------------------- ------------------------------------------
e) Dates of the transaction 24 March 2023
f) Place of transaction Outside a trading venue
--------------------------- ------------------------------------------
For further information:
Braveheart Investment Group plc Tel: 01738
587555
Trevor Brown CEO
Allenby Capital Limited (Nominated Tel: 020
Adviser and Joint Broker) 3328 5656
David Worlidge / James Reeve / George
Payne
Peterhouse Capital Limited (Joint Tel: 020
Broker) 7469 0936
Duncan Vasey / Lucy Williams
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END
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