Braveheart Investment Group plc
('Braveheart' or 'the 'Group')
Award of Options
Braveheart Investment Group plc, the AIM-listed investment management group providing financing to SMEs, servicing the investment requirements of business angels, high net worth individuals, family offices and public sector organisations, and directly holding an investment portfolio of early-stage technology companies, announces that the directors and staff named below have been awarded the following new options over the Group's Ordinary Shares with a grant date of 19 August 2014 ("New Options"):
|
Employment Based |
Performance Based |
Total |
Directors: |
|
|
|
Geoffrey Thomson |
- |
108,108 |
108,108 |
Carolyn Smith |
- |
64,865 |
64,865 |
Aileen Brown |
- |
64,865 |
64,865 |
|
|
|
|
Staff |
104,513 |
351,351 |
455,864 |
|
|
|
|
Total |
104,513 |
589,189 |
693,702 |
The exercise price for the New Options is 10.50 pence. The employment based options will become exercisable on the third anniversary of grant, the performance based options will become exercisable on the first anniversary following achievement of the performance conditions.
The resulting aggregate options held are as below:
|
Employment Based |
Performance Based |
Other |
Total |
Directors: |
|
|
|
|
Jeremy Delmar-Morgan |
- |
- |
- |
- |
Ken Brown |
- |
- |
- |
- |
Trevor Brown |
- |
- |
- |
- |
Geoffrey Thomson |
177,106 |
247,531 |
105,000 |
529,637 |
Carolyn Smith |
130,752 |
148,519 |
77,778 |
357,049 |
Aileen Brown |
33,800 |
102,365 |
- |
136,165 |
|
|
|
|
|
Staff |
423,489 |
519,155 |
42,315 |
984,959 |
|
|
|
|
|
Total |
765,147 |
1,017,570 |
225,093 |
2,007,810 |
Further information:
Braveheart Investment Group plc
Geoffrey Thomson, Chief Executive Tel: +44 1738 587555
gthomson@braveheartgroup.co.uk
Sanlam Securities UK Limited (Nominated Advisor and Broker to Braveheart)
Lindsay Mair Tel: +44 20 7628 2200
Media Enquiries (Braveheart):
Allerton Communications
Peter Curtain Tel: +44 20 3137 2500
peter.curtain@allertoncomms.co.uk
Notes to Editors
Braveheart Investment Group plc
Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows:
For the company looking to raise money, we provide:
· Equity Capital. This form of financing is typically long term and is usually appropriate for fast growing business or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum or £2m although we are happy to participate in larger financings as part of a syndicate;
· Debt Finance. Short to medium term and for companies with cash flow to service the loan. Our unit size for this type of finance is up to £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument;
The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.
To the investor, we provide a one-stop shop service to those in one of the following groups who are looking for exposure to SME investments:
· High Net Worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;
· Family offices and private sector institutions;
· The Public Sector.