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RNS Number : 8378W Brand Architekts Group PLC 14 December 2023
Brand Architekts Group plc
("Brand Architekts" or "the Company")
Grant and cancellation of share options
Brand Architekts Group plc (the Company), pursuant to the rules of the Brand
Architekts Group plc 2023 Long Term Incentive Plan ("LTIP") and the rules of
the Company's 2017 CSOP scheme ("CSOP"), announces the grant of options over
ordinary shares of 5p each in the Company ("Ordinary Shares"), and the
cancellation of certain existing options, to Quentin Higham, Chief Executive.
Grant of Options
Director Number of new Options granted Number of historic options cancelled Total Number of Options now % of issued share
held capital represented by Options now held
Quentin Higham (CEO) 400,000 145,228 741,515 2.65%
The options vest after 3 years and are exercisable at a price of 26.5 pence
per share, representing the closing price of the Company's Ordinary Shares on
11 December 2023, being the day prior to the Grant Date. The Options are
subject to the individual remaining an employee of the Company. All options
expire six years after the Grant Date.
230,769 options are granted subject to the rules of the Company's 2017 CSOP
scheme. The remaining 169,231 options are granted subject to the rules of the
Company's 2023 LTIP scheme.
Cancellation of Options
145,228 options granted in 2020 under the Brand Architekts Group plc 2009 Long
Term Incentive Plan to Quentin Higham, Chief Executive, have been cancelled
("Cancelled Options") as the performance requirements have not been met.
Therefore, following the grant of Options above and the Cancelled Options, the
total number of ordinary shares subject to options awarded to Directors and
staff and which could, in the future, be issued is 769,515. This represents
2.75% of the current issued share capital of the Company which comprises
27,943,180 Ordinary Shares.
For further information, please contact:
Brand Architekts Group plc
Quentin Higham / Geoff Ellis Chief Executive Officer / Chief Financial Officer
Shaun Dobson/ Jen Boorer Singer Capital Markets 0207 496 3000
Josh Royston / Sam Modlin Alma PR 0203 405 0205
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Quentin Higham
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brand Architekts Group PLC
b) LEI 213800BSD8D9QEUKCE17
4 Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument Ordinary Shares of 5 pence each
Identification code GB0008667304
b) Nature of the transaction Grant of options
c) Price(s) and volume(s)
Price(s) Volume(s)
Exercise price of nil per Option 400,000
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 12 December 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
12 December 2023
f)
Place of the transaction
London Stock Exchange
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Quentin Higham
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Brand Architekts Group PLC
b) LEI 213800BSD8D9QEUKCE17
4 Details of the transaction(s): section to be repeated 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 financial instrument, type of instrument Ordinary Shares of 5 pence each
Identification code GB0008667304
b) Nature of the transaction Cancellation of options
c) Price(s) and volume(s)
Price(s) Volume(s)
Exercise price of nil per Option 145,228
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 12 December 2023
f) Place of the transaction London Stock Exchange
d)
Aggregated information
N/A
- Aggregated volume
- Price
e)
Date of the transaction
12 December 2023
f)
Place of the transaction
London Stock Exchange
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