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Brave Bison Grp PLC (BBSN)

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Tuesday 26 May, 2020

Brave Bison Grp PLC

Grant of RSUs to a Director

RNS Number : 8187N
Brave Bison Group PLC
26 May 2020
 

26 May 2020 

Brave Bison Group plc

("Brave Bison" or the "Company")

 

Grant of RSUs to a Director

 

London, 26 May 2020:  Social video group Brave Bison (AIM: BBSN) announces that it has today granted 18,165,159 restricted stock units ("RSUs") to Kate Burns, Chief Executive Officer of Brave Bison, representing approximately 2.96 per cent. of the Company's issued ordinary share capital.

 

The RSUs have been granted as EMI-qualifying RSUs under the Company's RSU Plan, adopted in November 2017, and entitle the recipient to receive new ordinary shares of 0.1p in the Company ("Shares") upon exercise of the RSUs on a one-for-one basis at an exercise price of 0.1 pence per Share.

 

The RSUs are being granted pursuant to Kate Burns' employment contract and represent 3 per cent. of the Company's issued ordinary share capital as at the date of Kate Burns' appointment as Chief Executive of the Company on 3 April 2019. The RSUs vest over a three-year period commencing on 3 April 2019, as to a third at the end of each anniversary. Kate Burns does not hold any other RSUs or options over Shares, but her employment contract entitles her to be granted further share options in the future of up to 3 per cent. of the Company's share capital.

 

The total pool of RSUs is limited to 12.5 per cent. of the Company's issued ordinary share capital and following the above grant, a total of 46,206,760 RSUs are currently in issue, representing 7.54 per cent. of the Company's issued share capital.

 

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

 

For further information please contact:

 

Brave Bison Group plc

Kate Burns, Chief Executive Officer

Via Rebecca Abigail: +44 775 704 2837

 

Allenby Capital - AIM Nominated Adviser and Broker

Jeremy Porter / Asha Chotai

Telephone: +44 20 3328 5656

 

Rebecca Abigail Ltd

Abigail Carrigan, Account Manager

Email: [email protected]

Telephone: +44 775 704 2837

 

About Brave Bison

 

Brave Bison is a social video group, specialising in cross-platform video content, connecting global audiences through social media. Its online communities reach over 135 million followers.

 

Brave Bison is one of the largest YouTube channel partners, with more than 700 channels offering targeted inventory opportunities, alongside in-house specialists that deliver audience development and optimisation. Brave Bison provides expertise across strategy, research, data driven insights, creative and production.

 

Brave Bison's cultural connections and extensive networks have built long-standing client relationships with brands including P&G, Land Rover and Lego. With more than 70 members of staff across London, Singapore, Japan and Korea, the eight-year-old business continues to stay at the forefront of this fast-moving digital age.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kate Burns

2

Reason for the notification

a)

Position/status

CEO

b) 

Initial notification /Amendment 

Initial notification

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

a) 

Name

Brave Bison plc

b) 

LEI 

213800BEII7EWIN8X308 

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

Restricted stock units (over ordinary shares of 0.1p)

 

 

 

 

GB00BF8HJ774

b)

 

Nature of the transaction

Grant of restricted stock units

c)

Price(s) and volume(s)

Price(s)

 

Volume(s)

0.1p exercise price

18,165,159

 

d)

 

Aggregated information

- Aggregated volume

- Price

 n/a

e)

Date of the transaction 

26  May 2020

f)

Place of the transaction

Outside a trading venue

 

 

 

 


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