REG - Braveheart Inv Group - Cancellation of options
03/02/2025 07:15
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RNS Number : 6239V Braveheart Investment Group plc 03 February 2025
3 February 2025
Braveheart Investment Group plc
("Braveheart" or the "Company")
Cancellation of Options
Braveheart Investment Group (AIM: BRH), announces the cancellation of options
("Options") over ordinary shares of 2p each in the Company ("Ordinary
Shares"), previously issued to two Directors of the Company.
Background
At the annual general meeting of the Company held on 8 September 2020,
shareholders approved the implementation of a share option scheme in order to
provide a long-term incentive plan for Directors, employees and consultants of
the Company.
On 14 October 2021, options were granted over 1,500,000 and 2,000,000 Ordinary
Shares to Trevor Brown (Chief Executive Officer) and Vivian Hallam (Executive
Director) respectively, at an exercise price of 31.5p per share (the "First
Historic Options").
On 9 May 2022, options were granted over 750,000 and 1,000,000 Ordinary Shares
to Trevor Brown and Vivian Hallam respectively, at an exercise price of 14p
per share (the "Second Historic Options" and together with the First Historic
Options, the "Historic Options").
Also on 9 May 2022, 750,000 and 1,000,000 of the First Historic Options
granted to Trevor Brown and Vivian Hallam respectively, were cancelled.
Cancellation of remaining Historic Options
On 31 January 2025, the remuneration committee of the Company (the
"Remuneration Committee"), Trevor Brown and Vivian Hallam have agreed to the
cancellation of a further 2,976,192 Historic Options, as detailed below:
Name Number of Historic Options cancelled Exercise price of Historic Options cancelled Number of options over ordinary shares held following the cancellation
Trevor Brown 1,500,000 750,000: 31.5 pence 2,750,000
750,000: 14 pence
Vivian Hallam 1,476,192 476,192: 31.5 pence 2,750,000
1,000,000: 14 pence
Following the cancellation of the Historic Options, the Company now has
Options outstanding over a total of 7,146,000 Ordinary Shares, representing
11.21% of the current issued share capital of the Company.
Details of the transactions can be found in the Notification of Dealing Forms
below.
For further information:
Braveheart Investment Group plc Tel: 01738 587555
Trevor Brown, Chief Executive Officer
Vivian Hallam, Executive Director
Allenby Capital Limited (Nominated Adviser and Joint Broker) Tel: 020 3328 5656
James Reeve / George Payne
Peterhouse Capital Limited (Joint Broker) Tel: 020 7469 0936
Heena Karani / Duncan Vasey
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
Trevor Brown Chief Executive Officer
Vivian Hallam Executive Director
2 Reason for the notification
a) Position/status See 1a) above
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Braveheart Investment Group plc
b) LEI 2138006HQ3COMU626I61
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 Options over Ordinary Shares in Braveheart Investment Group plc
Identification code GB00B13XV322
b) Nature of the transactions Cancellation of Options over Ordinary Shares
c) Price(s) and volume(s) Exercise price per Option of 31.5p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 476,192 Options
d) Aggregated information N/A
- Aggregated volume
- Price
- Principal amount
e) Dates of the transaction 31 January 2025
f) Place of transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Braveheart Investment Group plc
b)
LEI
2138006HQ3COMU626I61
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
Identification code
Options over Ordinary Shares in Braveheart Investment Group plc
GB00B13XV322
b)
Nature of the transactions
Cancellation of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise price per Option of 31.5p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 476,192 Options
d)
Aggregated information
- Aggregated volume
- Price
- Principal amount
N/A
e)
Dates of the transaction
31 January 2025
f)
Place of transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Trevor Brown Chief Executive Officer
Vivian Hallam Executive Director
2 Reason for the notification
a) Position/status See 1a) above
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Braveheart Investment Group plc
b) LEI 2138006HQ3COMU626I61
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 Options over Ordinary Shares in Braveheart Investment Group plc
Identification code GB00B13XV322
b) Nature of the transactions Cancellation of Options over Ordinary Shares
c) Price(s) and volume(s) Exercise price per Option of 14p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 1,000,000 Options
d) Aggregated information N/A
- Aggregated volume
- Price
- Principal amount
e) Dates of the transaction 31 January 2025
f) Place of transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Braveheart Investment Group plc
b)
LEI
2138006HQ3COMU626I61
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
Identification code
Options over Ordinary Shares in Braveheart Investment Group plc
GB00B13XV322
b)
Nature of the transactions
Cancellation of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise price per Option of 14p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 1,000,000 Options
d)
Aggregated information
- Aggregated volume
- Price
- Principal amount
N/A
e)
Dates of the transaction
31 January 2025
f)
Place of transaction
Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Braveheart Investment Group plc
b)
LEI
2138006HQ3COMU626I61
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
Identification code
Options over Ordinary Shares in Braveheart Investment Group plc
GB00B13XV322
b)
Nature of the transactions
Cancellation of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise price per Option of 31.5p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 476,192 Options
d)
Aggregated information
- Aggregated volume
- Price
- Principal amount
N/A
e)
Dates of the transaction
31 January 2025
f)
Place of transaction
Outside a trading venue
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name
Trevor Brown Chief Executive Officer
Vivian Hallam Executive Director
2 Reason for the notification
a) Position/status See 1a) above
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Braveheart Investment Group plc
b) LEI 2138006HQ3COMU626I61
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 Options over Ordinary Shares in Braveheart Investment Group plc
Identification code GB00B13XV322
b) Nature of the transactions Cancellation of Options over Ordinary Shares
c) Price(s) and volume(s) Exercise price per Option of 14p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 1,000,000 Options
d) Aggregated information N/A
- Aggregated volume
- Price
- Principal amount
e) Dates of the transaction 31 January 2025
f) Place of transaction Outside a trading venue
2
Reason for the notification
a)
Position/status
See 1a) above
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
Braveheart Investment Group plc
b)
LEI
2138006HQ3COMU626I61
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
Identification code
Options over Ordinary Shares in Braveheart Investment Group plc
GB00B13XV322
b)
Nature of the transactions
Cancellation of Options over Ordinary Shares
c)
Price(s) and volume(s)
Exercise price per Option of 14p per Ordinary Share
Trevor Brown 750,000 Options
Vivian Hallam 1,000,000 Options
d)
Aggregated information
- Aggregated volume
- Price
- Principal amount
N/A
e)
Dates of the transaction
31 January 2025
f)
Place of transaction
Outside a trading venue
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