Award of Options

RNS Number : 5262K

Braveheart Investment Group plc

22 December 2008

 



22 December 2008 

Braveheart Investment Group plc

('Braveheart' or the 'Group')

Award of Options

Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that, the directors and staff named below have been awarded the following new options over the Group's Ordinary Shares:

	Employment Based	Performance Based	Total
Directors:
Colin Grant	28,902	35,098	64,000
Staff	36,994	21,018	58,012
Total	65,896	56,116	122,012

The exercise price for the new options is 35p. The employment options will become exercisable on the third anniversary of grant and the performance options will become exercisable on the first anniversary following achievement of the performance condition.

The resulting aggregate options held are as below:

	Employment Based	Performance Based	Total
Directors:
Garry Watson	-	66,907	66,907
Edward Cunningham	-	26,719	26,719
Geoffrey Thomson	65,411	228,796	294,207
Carolyn Smith	47,382	137,278	184,660
Colin Grant	28,902	35,098	64,000
Staff	121,224	161,884	283,108
Total	262,919	656,682	919,601

For further information please visit www.braveheart-ventures.co.uk or contact:

Braveheart Investment Group	Tavistock Communications (for Braveheart)
Geoffrey Thomson, Chief Executive	Simon Hudson / James Midmer
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. Since its formation in 1997 it has made the transition from start-up angel syndicate to fully listed company. Braveheart's shares listed on AIM in March 2007.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP and Braveheart enjoys close relationships with several universities to identify emerging technologies. Investments are predominantly technology-focused; however the Group also maintains limited exposure to more traditional businesses.  

Braveheart's diverse portfolio currently comprises over 30 companies and it has completed over 80 deals in its eleven year history, including 6 IPOs, 3 trade sales and 8 write-offs and has an exit IRR of 33%.

At the 2008 Ernst & Young Entrepreneur of The Year Awards (Scotland) Braveheart CEO Geoffrey Thomson was given a special award recognising his contribution and support of emerging technology businesses in Scotland over the past decade. 

 

END

 

 

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