REG - Brand Architekts Grp - Grant and cancellation of share options

Brand ArchitektsAnnouncement

14/12/2023 10:30

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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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