Brand Architekts Group PLC Grant and cancellation of share options (8378W)

TIDMBAR

RNS Number : 8378W

Brand Architekts Group PLC

14 December 2023

Brand Architekts Group plc

("Brand Architekts" or "the Company")

Grant and cancellation of share options

Brand Architekts Group plc (the Company), pursuant to the rules of the Brand Architekts Group plc 2023 Long Term Incentive Plan ("LTIP") and the rules of the Company's 2017 CSOP scheme ("CSOP"), announces the grant of options over ordinary shares of 5p each in the Company ("Ordinary Shares"), and the cancellation of certain existing options, to Quentin Higham, Chief Executive.

Grant of Options

 
   Director                      Number of      Number of historic        Total Number          % of issued share 
                               new Options       options cancelled      of Options now        capital represented 
                                   granted                                        held             by Options now 
                                                                                                             held 
   Quentin Higham 
    (CEO)                          400,000                 145,228             741,515                      2.65% 
 
 
 

The options vest after 3 years and are exercisable at a price of 26.5 pence per share, representing the closing price of the Company's Ordinary Shares on 11 December 2023, being the day prior to the Grant Date. The Options are subject to the individual remaining an employee of the Company. All options expire six years after the Grant Date.

230,769 options are granted subject to the rules of the Company's 2017 CSOP scheme. The remaining 169,231 options are granted subject to the rules of the Company's 2023 LTIP scheme.

Cancellation of Options

145,228 options granted in 2020 under the Brand Architekts Group plc 2009 Long Term Incentive Plan to Quentin Higham, Chief Executive, have been cancelled ("Cancelled Options") as the performance requirements have not been met. Therefore, following the grant of Options above and the Cancelled Options, the total number of ordinary shares subject to options awarded to Directors and staff and which could, in the future, be issued is 769,515. This represents 2.75% of the current issued share capital of the Company which comprises 27,943,180 Ordinary Shares.

 
 For further information, please contact: 
 Brand Architekts Group 
  plc 
 Quentin Higham / Geoff        Chief Executive Officer / Chief 
  Ellis                         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                 Initial Notification 
       /Amendment 
     -----------------------------------  ---------------------------------- 
 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         Ordinary Shares of 5 pence each 
       instrument, type of 
       instrument 
      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      400,000 
                                                          ---------- 
     ----------------------------------- 
 
 d)   Aggregated information               N/A 
                                          ---------------------------------- 
      - Aggregated volume 
                                          -------------------------------- 
      - Price 
     -----------------------------------  -------------------------------- 
 e)   Date of the transaction              12 December 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction             London Stock Exchange 
     -----------------------------------  ---------------------------------- 
 
 
 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                 Initial Notification 
       /Amendment 
     -----------------------------------  ---------------------------------- 
 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         Ordinary Shares of 5 pence each 
       instrument, type of 
       instrument 
      Identification code                  GB0008667304 
     -----------------------------------  -------------------------------- 
 b)   Nature of the transaction            Cancellation of options 
     -----------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)                 Price(s)     Volume(s) 
                                              Exercise 
                                               price of 
                                               nil per 
                                               Option      145,228 
                                                          ---------- 
     ----------------------------------- 
 d)   Aggregated information               N/A 
      - Aggregated volume 
      - Price 
     ----------------------------------- 
 e)   Date of the transaction              12 December 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction             London Stock Exchange 
     -----------------------------------  ---------------------------------- 
 

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December 14, 2023 05:16 ET (10:16 GMT)