Award of Options

RNS Number : 0356V

Braveheart Investment Group plc

03 July 2009

 



3 July 2009

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	42,753	69,231	111,984
Carolyn Smith	31,669	41,538	73,207
Colin Grant	30,160	41,538	71,698
Staff	187,244	140,193	327,437
Total	291,826	292,500	584,326

The exercise price for the new options is 29.5p. 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	-	33,454	33,454
Edward Cunningham	-	13,360	13,360
Geoffrey Thomson	108,164	153,568	261,732
Carolyn Smith	79,051	92,140	171,191
Colin Grant	59,062	76,636	135,698
Staff	308,468	207,598	516,066
Total	554,745	576,756	1,131,501

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

Braveheart Investment Group	Tavistock Communications
Geoffrey Thomson, Chief Executive	Simon Hudson / James Midmer
Tel: [phone]	Tel: [phone]
[e-mail]	[e-mail]
Seymour Pierce Limited
(Nominated Advisers to Braveheart)
Richard Feigen/Catherine Leftley
Tel: [phone]

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 six IPOs, three trade sales and eight 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.

On 8 June 2009 the Group announced the acquisition of Inkopo Limited. This acquisition, based principally on an earn-out consideration, gives the Group an established presence in Yorkshire, an additional revenue stream and further complementary income from investment facilitation and management activities.

 

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