Grant of Options

RNS Number : 9154Z

Braveheart Investment Group plc

28 July 2008

 

For release 07.00 28 July 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
Geoffrey Thomson	40,463	60,123	100,586
Carolyn Smith	28,902	36,074	64,976
Staff	69,712	54,109	123,821
Total	139,077	150,306	289,383

The exercise price for the new options is 115p. 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
Donald Turner		26,719	26,719
Geoffrey Thomson	65,411	228,796	294,207
Carolyn Smith	47,382	137,278	184,660
Staff	96,138	146,878	243,016
Grand Total	208,931	633,297	842,228

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

Braveheart Investment Group	Tavistock Communications
Geoffrey Thomson, Chief Executive	Clemmie Carr / Simon Hudson
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 70 deals in its ten year history, including 6 IPOs, 3 trade sales and 8 write-offs and has an exit IRR of 37%.

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.  

 

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