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Brand Architekts Grp (BAR)

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Tuesday 12 October, 2021

Brand Architekts Grp

Grant of Options

RNS Number : 8253O
Brand Architekts Group PLC
12 October 2021
 

 

Brand Architekts Group plc

 

("Brand Architekts" or "the Company")

 

Grant of share options

 

Brand Architekts Group plc (the Company), has, pursuant to the rules of the Brand Architekts Group plc 2009 Long Term Incentive Plan ("LTIP"), granted options to certain of its directors to subscribe for up to 189,303 ordinary shares of 5p each in the capital of the Company (the "Options") as follows:

 

Director

Number of new Options granted

Total Number of Options now held

% of issued share capital represented by Options now held

Quentin Higham (CEO)

111,515

256,743

1.5%

Tom Carter (CFO)

77,788

180,070

1.0%

 

 

 

 

 

All of the 189,303 new Options granted under the LTIP are linked to a share price target ranging from a threshold at £2.30 to the full award at a share price of £2.60. To the extent that this performance condition is met at the end of the three-year performance cycle, the Options can be exercised at nil cost. Upon vesting, the entire award will be made in shares.

 

Following the grant of these Options the total number of ordinary shares subject to options and which could, in the future, be issued is 525,813.  This represents 3.1% of the current issued share capital of the Company which comprises 17,230,702 Ordinary Shares.

 

 

For further information, please contact:


Brand Architekts Group plc



Quentin Higham

 Chief Executive Officer


Tom Carter

 Chief Financial Officer


 

 

 

Shaun Dobson/ Jen Boorer

 Singer Capital Markets

 0207 496 3000

Josh Royston / Sam Modlin

 Alma PR

 0203 405 0205

 

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

 

 

Quentin Higham

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Brand Architekts Group PLC

b)

 

LEI

 

 

213800BSD8D9QEUKCE17

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

Ordinary Shares of 5 pence each



Identification code

GB0008667304



b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Exercise price of nil per Option

111,515







d)

 

Aggregated information

N/A



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

12 October 2021

f)

 

Place of the transaction

 

 

London Stock Exchange

 

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

 

 

Thomas Carter

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Brand Architekts Group PLC

b)

 

LEI

 

 

213800BSD8D9QEUKCE17

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

Ordinary Shares of 5 pence each



Identification code

GB0008667304



b)

 

Nature of the transaction

 

 

Grant of options

c)

 

Price(s) and volume(s)







Price(s)

Volume(s)




Exercise price of nil per Option

77,788







d)

 

Aggregated information

N/A

 



- Aggregated volume




- Price




e)

 

Date of the transaction

 

 

12 October 2021

f)

 

Place of the transaction

 

 

London Stock Exchange

 

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