REG - Brandshield Systems - Grant of Options
26/05/2022 07:00
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RNS Number : 8345M Brandshield Systems PLC 26 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
26 May 2022
BrandShield Systems Plc
("BrandShield" or the "Company")
Grant of Options
BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions from brand protection to online threat hunting, announces that,
on 25 May 2022, it issued options over a total of 4,433,552 ordinary shares
of 1p each ("Options") to Directors and Persons Discharging Managerial
Responsibilities ("PDMRs"), all at an exercise price of £0.08.
BrandShield's Remuneration Committee has recommended the issuance of these
Director Options following the announcement of a placing of £1m by the
Company as notified on 24 May 2022. Since BrandShield was admitted to
trading on AIM in December 2020 the senior executive management has delivered
significant growth both in terms of customer numbers and Annual Recurring
Revenue ("ARR"). Customer numbers have grown from around 70 to over 140 and
ARR has increased from $2.87m to around $6m at the time of this
announcement. The Remuneration Committee feels strongly that those
responsible for such material improvements must remain suitably incentivised
to continue delivering growth for the interest of all shareholders.
The 4,433,552 Options will vest equally in monthly instalments over a period
between 2 and 4 years.
Details of the Options are outlined below:
Option Holder No. of Options Exercise Price Vesting Commencement Date Vesting Conditions
Yoav Keren £0.08 25 May 2022 2 years vesting in monthly instalments plus acceleration in the event of the
change of control of the Company
1,897,313
Yuval Zantkeren 1,897,313 £0.08 25 May 2022 2 years vesting in monthly instalments plus acceleration in the event of the
change of control of the Company
Itai Galmor 434,452 £0.08 25 May 2022 2 years vesting in monthly instalments plus acceleration in the event of the
change of control of the Company
Ravit Freedman 59,000 £0.08 25 May 2022 4 years vesting in monthly instalments plus acceleration in the event of the
change of control of the Company
A further 145,474 Options have been granted to non-PDMRs on the same terms as
those granted to Ravit Freedman.
Enquiries:
BrandShield Systems plc +44 (0)20 3143 8300
Yoav Keren, CEO
Spark Advisory Partners Limited (Nominated Adviser) +44 (0)20 3368 3554
Neil Baldwin / Andrew Emmott / James Keeshan
Shore Capital (Joint Broker) +44 (0)20 7408 4090
Toby Gibbs / James Thomas / Liam Zabludowicz (Corporate Advisory)
Henry Willcocks (Corporate Broking)
Tennyson Securities (Joint Broker) +44 (0)20 3368 3554
Peter Krens
Vigo Consulting (Financial Public Relations) +44 (0)20 7390 0237
Jeremy Garcia / Kendall Hill
brandshield@vigoconsulting.com
About BrandShield
BrandShield is a provider of cybersecurity solutions from brand protection to
online threat hunting. BrandShield detects online threats and takes them
down. The Company's client base is a growing list of organisations including
Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis,
BrandShield monitors, detects, and removes online threats facing companies.
These threats include social phishing, executive impersonation, fraud, brand
abuse, and counterfeits.
For more information, visit www.brandshield.com
(http://www.brandshield.com/) .
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Yoav Keren
2 Reason for notification
a) Position / status Director
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name BrandShield Systems Plc
b) LEI 213800K5AXTQDWB6BP80
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 1p (£0.01) each in the capital of BrandShield Systems Plc
Identification code ISIN GB00BM97CN29
Nature of the transaction Grant of options
Price(s) and volumes(s)
Price(s) Volume(s)
£0.08 1,897,313
d) Aggregated information
- Aggregated volume 1,897,313
- Aggregated price £0.08
e) Date of the transaction 25 May 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
1,897,313
£0.08
e)
Date of the transaction
25 May 2021
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Yuval Zantkeren
2 Reason for notification
a) Position / status Director
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name BrandShield Systems Plc
b) LEI 213800K5AXTQDWB6BP80
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 1p (£0.01) each in the capital of BrandShield Systems Plc
Identification code ISIN GB00BM97CN29
Nature of the transaction Grant of options
Price(s) and volumes(s) Price(s) Volume(s)
£0.08 1,897,313
d) Aggregated information
- Aggregated volume 1,897,313
- Aggregated price £0.08
e) Date of the transaction 25 May 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
1,897,313
£0.08
e)
Date of the transaction
25 May 2021
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Itai Galmor
2 Reason for notification
a) Position / status PDMR
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name BrandShield Systems Plc
b) LEI 213800K5AXTQDWB6BP80
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 1p (£0.01) each in the capital of BrandShield Systems Plc
Identification code ISIN GB00BM97CN29
Nature of the transaction Grant of options
Price(s) and volumes(s) Price(s) Volume(s)
£0.08 434,452
d) Aggregated information
- Aggregated volume 434,452
- Aggregated price £0.08
e) Date of the transaction 25 May 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
434,452
£0.08
e)
Date of the transaction
25 May 2021
f)
Place of the transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Ravit Freedman
2 Reason for notification
a) Position / status Director
b) Initial notification Initial
/Amendment
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name BrandShield Systems Plc
b) LEI 213800K5AXTQDWB6BP80
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 1p (£0.01) each in the capital of BrandShield Systems Plc
Identification code ISIN GB00BM97CN29
Nature of the transaction Grant of options
Price(s) and volumes(s) Price(s) Volume(s)
£0.08 59,000
d) Aggregated information
- Aggregated volume 59,000
- Aggregated price £0.08
e) Date of the transaction 25 May 2021
f) Place of the transaction Outside a trading venue
d)
Aggregated information
- Aggregated volume
- Aggregated price
59,000
£0.08
e)
Date of the transaction
25 May 2021
f)
Place of the transaction
Outside a trading venue
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