REG - Braveheart Inv Group - Grant of options

Braveheart InvestmentAnnouncement

15/07/2024 16:30

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RNS Number : 4721W  Braveheart Investment Group plc  15 July 2024

15 July 2024

Braveheart Investment Group plc

("Braveheart" or the "Company")

 

Grant of options

 

Braveheart Investment Group (AIM: BRH), announces that the Company has
granted options today over a total of 3,100,000 ordinary shares of 2p each in
the Company ("Ordinary Shares") to the Directors, one employee and one 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 aggregate, 2,800,000 Options have been granted to Directors of the Company,
as follows:

 

 Name           No. options over Ordinary Shares previously held  No. Options granted  Exercise price   Resultant holding of options over Ordinary Shares held  Percentage of the current issued share capital of the Company
 Trevor Brown   2,750,000                                         1,500,000            1,000,000: 4.5p  4,250,000                                               6.67%

                                                                                       500,000: 6.5p
 Vivian Hallam  3,226,192                                         1,000,000            666,667: 4.5p    4,226,192                                               6.63%

                                                                                       333,333: 6.5p
 Susan Hagan    250,000                                           150,000              4.5p             400,000                                                 0.63%
 Qu Li          200,000                                           150,000              4.5p             350,000                                                 0.55%

 

The Options granted to Vivian Hallam, Trevor Brown, Susan Hagan and Qu Li are
unapproved options.

 

The 300,000 Options granted to the employee and service provider have an
exercise price of 4.5p.

 

The Options granted to the Directors shall vest over a three-year period in
equal tranches, with one third vesting on the first anniversary of the date of
the grant, one third vesting on the second anniversary of the date of the
grant and one third on the third anniversary of the date of the grant, 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 equal or exceed 7.75
pence for 15 business days out of a 30 consecutive business day period.

 

Following the grant of the Options, the Company now has options outstanding
over a total of 10,122,192 Ordinary Shares, equivalent to 15.9% 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

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name

Trevor Brown   Chief Executive Officer
                                                                   Vivian Hallam  Executive Director
                                                                   Susan Hagan    Non-Executive Director
                                                                   Qu Li          Non-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  Ordinary shares of 2 pence each in Braveheart Investment Group plc

      Identification code                                          GB00B13XV322

 b)   Nature of the transactions                                   Grant of options over ordinary shares

 c)   Price(s) and volume(s)                                       Price:  Exercise price of 4.5p per option

Trevor Brown   1,000,000
                                                                   Vivian Hallam  666,667
                                                                   Susan Hagan    150,000
                                                                   Qu Li          150,000

 

                                                                   Price:  Exercise price of 6.5p per option

Trevor Brown   500,000
                                                                   Vivian Hallam  333,333

 

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

      - Principal amount

 e)   Dates of the transaction                                     15 July 2024

 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

 

Ordinary shares of 2 pence each in Braveheart Investment Group plc

 

GB00B13XV322

b)

 

Nature of the transactions

 

Grant of options over ordinary shares

c)

 

Price(s) and volume(s)

 

 

Price:  Exercise price of 4.5p per option

 

 Trevor Brown   1,000,000
 Vivian Hallam  666,667
 Susan Hagan    150,000
 Qu Li          150,000

 

Price:  Exercise price of 6.5p per option

 

 Trevor Brown   500,000
 Vivian Hallam  333,333

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

N/A

 

e)

 

Dates of the transaction

 

15 July 2024

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 Adviser and Joint Broker)   Tel: 020 3328 5656
 James Reeve / George Payne

 Peterhouse Capital Limited (Joint Broker)                      Tel: 020 7469 0936
 Duncan Vasey / Lucy Williams

 

 

 

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