Award of Options

RNS Number : 6041P

Braveheart Investment Group plc

20 July 2010

 



20 July 2010

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	Other	Total
Directors:
Geoffrey Thomson	49,155	76,923	105,000	231,078
Carolyn Smith	36,411	46,154	77,778	160,343
Colin Grant	34,677	46,154	74,074	154,905
Staff	202,014	169,227	96,686	467,927
Total	322,257	338,458	353,538	1,014,253

The exercise price for the new options is 25.5p. The employment options will become exercisable on the third anniversary of grant, the performance options will become exercisable on the first anniversary following achievement of the performance condition, and the other options are exercisable immediately.

The resulting aggregate options held are as below:

	Employment Based	Performance Based	Other	Total
Directors:
Garry Watson	-	-	-	-
Edward Cunningham	-	-	-	-
Ken Brown	-	-	-	-
Jeremy Delmar-Morgan	-	-	-	-
Geoffrey Thomson	157,319	76,923	105,000	339,242
Carolyn Smith	115,462	46,154	77,778	239,394
Colin Grant	93,739	46,154	74,074	213,967
Staff	482,168	169,227	96,686	748,081
Total	848,688	338,458	353,538	1,540,684

For further information please visit www.braveheartinvestmentgroup.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)
John Cowie
Tel: [phone]

Notes to Editors

Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. It was founded in 1997 by a small group of investors in order to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Thirteen years on, Braveheart is a public company with offices in Perth, London and Yorkshire, and a demonstrable track record in early stage technology investing, as well as an established client base of high net worth individuals. Service offerings include bespoke EIS portfolios, fund management, investment facilitation and management services.

Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with a number of leading universities and innovation centres Braveheart has access to a wide variety of emerging commercial opportunities at early stages. The Group currently has 27 companies in its equity portfolio.

 

END

 

 

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