14th Oct 2021 13:46
RNS Number : 1317P
Braveheart Investment Group plc
14 October 2021
14 October 2021
Braveheart Investment Group plc
("Braveheart" or "the Company")
Grant of Share Options
Notification of transactions by directors
At the Annual General Meeting held on 8 September 2020, shareholders approved the creation of a share option scheme in order to provide a long term incentive plan for Directors, employees and consultants of the Group, including those Strategic Investments where Braveheart owns 50% or more of the issued share capital ("the Share Option Plan").
Braveheart announces that, pursuant to the Share Option Plan, Trevor Brown and Vivian Hallam, both executive directors of Braveheart and persons discharging managerial responsibilities ("PDMR") of the Company have been granted options over 1,500,000 and 2,000,000 Ordinary Shares of 2 pence each in the Group ("Ordinary Shares"), respectively, at an exercise price of 31.5p per share, being the closing mid-market price on 13 October 2021. The options vest on 14 October 2022 and are exercisable up to 14 October 2031. The options are also subject to performance criteria under which the options can only be exercised if the average share price over a 30 consecutive calendar day period has been 20 per cent. higher than the option exercise price.
Details of the transactions can be found in the Notification of Dealing Forms below.
1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Trevor Brown | 2 | Reason for the notification | a) | Position/status | Director | 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(s) Exercise price of 31.5p per share | Volume(s) 1,500,000 | d) | Aggregated information - Aggregated volume - Price - Principal amount | N/A | e) | Dates of the transaction | 14 October 2021 | | | | f) | Place of transaction | Outside a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | a) | Name | Vivian Hallam | 2 | Reason for the notification | a) | Position/status | Director | 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(s) Exercise price of 31.5p per share | Volume(s) 2,000,000 | d) | Aggregated information - Aggregated volume - Price - Principal amount | N/A | e) | Date of the transaction | 14 October 2021 | | | | f) | Place of transaction | Outside a trading venue |
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For further information: |
| | Braveheart Investment Group plc | Tel: 01738 587555 | Trevor Brown, Chief Executive Officer | | | | Allenby Capital Limited (Nominated Adviser and Joint Broker) | Tel: 020 3328 5656 | David Worlidge / James Reeve / George Payne | | | | Peterhouse Capital Limited (Joint Broker) | Tel: 020 7469 0936 | Heena Karani / Lucy Williams | |
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Related Shares:
Braveheart Investments
