Grant of options

Braveheart Investment Group plc

15 July 2024

 

15 July 2024

Braveheart Investment Group plc

("Braveheart" or the "Company")

Grant of options

Braveheart Investment Group (AIM: BRH), announces that the Company has granted options today over a total of 3,100,000 ordinary shares of 2p each in the Company ("Ordinary Shares") to the Directors, one employee and one service provider to the Company (the "Options").  The Options have been granted pursuant to the Company's share option plan adopted on 16 December 2020. 

In aggregate, 2,800,000 Options have been granted to Directors of the Company, as follows:

Name	No. options over Ordinary Shares previously held	No. Options granted	Exercise price	Resultant holding of options over Ordinary Shares held	Percentage of the current issued share capital of the Company
Trevor Brown	2,750,000	1,500,000	1,000,000: 4.5p 500,000: 6.5p	4,250,000	6.67%
Vivian Hallam	3,226,192	1,000,000	666,667: 4.5p 333,333: 6.5p	4,226,192	6.63%
Susan Hagan	250,000	150,000	4.5p	400,000	0.63%
Qu Li	200,000	150,000	4.5p	350,000	0.55%

The Options granted to Vivian Hallam, Trevor Brown, Susan Hagan and Qu Li are unapproved options.

The 300,000 Options granted to the employee and service provider have an exercise price of 4.5p.

The Options granted to the Directors shall vest over a three-year period in equal tranches, with one third vesting on the first anniversary of the date of the grant, one third vesting on the second anniversary of the date of the grant and one third on the third anniversary of the date of the grant, subject to continued employment.

The Options granted to Trevor Brown and Vivian Hallam, as Executive Directors of the Company, have an additional performance related vesting criteria that the closing mid-market price of an Ordinary Share must equal or exceed 7.75 pence for 15 business days out of a 30 consecutive business day period.

Following the grant of the Options, the Company now has options outstanding over a total of 10,122,192 Ordinary Shares, equivalent to 15.9% of the Company's current issued share capital.

Further details of the Options can be found in the Notification of Dealing Form below.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Trevor Brown Chief Executive Officer Vivian Hallam Executive Director Susan Hagan Non-Executive Director Qu Li Non-Executive Director
2	Reason for the notification
a)	Position/status	See 1a) above
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	Grant of options over ordinary shares
c)	Price(s) and volume(s)	Price:  Exercise price of 4.5p per option Trevor Brown 1,000,000 Vivian Hallam 666,667 Susan Hagan 150,000 Qu Li 150,000 Price:  Exercise price of 6.5p per option Trevor Brown 500,000 Vivian Hallam 333,333
d)	Aggregated information - Aggregated volume - Price - Principal amount	N/A
e)	Dates of the transaction	15 July 2024
f)	Place of transaction	Outside a trading venue

For further information:

Braveheart Investment Group plc	Tel: [phone]
Trevor Brown CEO
Allenby Capital Limited (Nominated Adviser and Joint Broker)	Tel: [phone]
James Reeve / George Payne
Peterhouse Capital Limited (Joint Broker)	Tel: [phone]
Duncan Vasey / Lucy Williams

 

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