Lock-in and Orderly Market Agreement

RNS Number : 5197N

Brave Bison Group PLC

26 October 2016

 

26 October 2016

Brave Bison Group plc ("Brave Bison" or "the Company")

Lock-in and Orderly Market Agreement

The Directors of Brave Bison have been made aware by Mr Collier that between 3 August 2016 and 1 September 2016 he sold a total of 492,559 ordinary shares in the Company, which had been issued as VML earn-out consideration, as announced on 1 September 2015, and were subject to lock-up arrangements until 2 September 2016.  This constituted a breach of the Lock-in and Orderly Market Agreement ("LOMA"), entered into on 7 July 2014 between the Company, Cenkos Securities plc and Mr. Collier, one of the vendors of Viral Management Limited ("VML"), which the Company accepts was inadvertent.

Mr Collier has been co-operating with the Company and has agreed that he will now be subject to an extended lock-up agreement on his existing balance holding of 1,667,869 ordinary shares in the Company pursuant to which he will not be able to sell such shares (subject to certain carve-outs) during the period from the date of this announcement until 2 September 2017.

Enquiries:

Brave Bison Group plc                                                                 via FTI Consulting

Ashley MacKenzie (CEO) / Kevin Deeley (CFO)                 

Stockdale Securities Limited                                                   Tel: [phone]

Richard Johnson / Andy Crossley

FTI Consulting                                                                               Tel: [phone]

Rob Mindell / Antonia Gray                                                                           

About Brave Bison plc

Brave Bison is an independent Digital Media & Social Video Broadcaster, proudly working with some of the biggest brands and most followed YouTube and Facebook social creator talent in the world. Clients include Coca Cola, P&G, Microsoft, 20th Century Fox, CNBC, Universal Pictures and Google.

Brave Bison is the largest multi-platform video network in the world outside North America, with headquarters in London, and offices in 5 countries around the world, including France, Spain, Singapore, Australia and the US.

Brave Bison makes it simple for Content Owners, Creators, Brands, Publishers and Platforms to unlock the value of online video, whether on a licensed, ad-funded, direct to consumer or paid placement basis.

www.bravebison.io

Brave Bison Limited (incorporated in England with company number 07634543) has its registered office at 1 Neal Street London WC2H 9QL. Brave Bison Limited is a subsidiary of Brave Bison Group plc (incorporated in England and Wales with company number 08754680).

 

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