Exercise of Options & Block Admission Application

RNS Number : 3480H

Braveheart Investment Group plc

03 December 2020

 

3 December 2020

Braveheart Investment Group plc

("Braveheart" or the "Company")

Exercise of Employee Share Options, Block Admission Application, Issue of Equity &

Total Voting Rights

Exercise of Employee Share Options

Braveheart Investment Group (AIM: BRH) announces that is has received notices of exercise of employee share options by Vivian Hallam, a director of the Company, over a total of 78,565 new ordinary shares of 2p each (the "New Option Shares") as follows:

-  39,834 shares at an exercise price of 10.5p per share;

-  34,321 shares at an exercise price of 12p per share; and

-  4,410 shares at an exercise price of 16p per share.

Following the issue of these shares Vivian Hallam will have the following interest in the Company's Ordinary Shares:

Name of Director	Role	Number of New Shares	Resulting Interest in Ordinary Shares	Resulting Percentage of Issued Share Capital
Vivian Hallam	Operations Director	78,565	1,025,562	2.82

Application will be made for the New Option Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 8 December 2020 ("Admission"). The New Option Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Block Admission Application

Braveheart further announces that an application has been made to the London Stock Exchange for a block admission to trading on AIM of 766,138 new ordinary shares of 2p each  in the Company ("New Ordinary Shares") (the "Block Admission"). The Block Admission is being made for any issue and allotment of New Ordinary Shares arising from the exercise of warrants issued pursuant to the placing announced on 1 May 2020.

Upon issue, the New Ordinary Shares will be issued credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company. In accordance with rule 29 of the AIM Rules for Companies, the number of New Ordinary Shares issued and allotted under the Block Admission arrangement will be announced every six months.

It is expected that the Block Admission will become effective on or around 8 December 2020. 

Total Voting Rights

Upon Admission of the New Option Shares, the issued share capital of the Company will consist of 36,331,313  ordinary shares of 2p each . The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 36,331,313.  This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	V ivian 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	Exercise of options
c)	Price(s) and volume(s)	Price(s) 12 pence 16 pence 10.5 pence 12 pence 10.5 pence	Volume(s) 15,571 4,410 7,402 18,750 32,432
d)	Aggregated information - Aggregated volume - Price - Principal amount	78,565 12.2p £9,006.69
e)	Dates of the transaction	3 December 2020
f)	Place of transaction	Off-market

Braveheart Investment Group plc	Tel: [phone]
Trevor Brown, Chief Executive Officer
Allenby Capital Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
David Worlidge / James Hornigold
Peterhouse Capital Limited (Joint Broker)	Tel: [phone]
Heena Karani / Lucy Williams

 

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