Brand Architekts Group PLC Grant of Options (4038C)

TIDMBAR

RNS Number : 4038C

Brand Architekts Group PLC

12 June 2023

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 2023 Long Term Incentive Plan ("LTIP"), granted options to Quentin Higham to subscribe for up to 230,000 ordinary shares of 5p each in the capital of the Company (the "Options") as follows:

 
   Director                       Number of new         Total Number     % of issued share 
                                   Options granted    of Options now      capital represented 
                                                                held      by Options now 
                                                                          held 
   Quentin Higham (CEO)                    230,000           486,743                    1.74% 
 
 

All of the 230,000 new Options granted under the LTIP are linked to a share price target ranging from a threshold at 60 pence to the full award at a share price of 120 pence. To the extent that this performance condition is met at the financial year end 2025, the Options can be exercised at nil cost.

In addition, 241,070 options granted under the Brand Architekts Group plc 2009 Long Term Incentive Plan including 180,070 options previously awarded to Tom Carter (CFO) have been cancelled ("Cancelled Options"). Therefore, following the grant of Options and the Cancelled Options the total number of ordinary shares subject to options and which could, in the future, be issued is 514,743. This represents 1.84% 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                Chief Executive 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      230,000 
                                                          ---------- 
     ----------------------------------- 
 
 d)   Aggregated information               N/A 
                                          ---------------------------------- 
      - Aggregated volume 
                                          -------------------------------- 
      - Price 
     -----------------------------------  -------------------------------- 
 e)   Date of the transaction              12 June 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction             London Stock Exchange 
     -----------------------------------  ---------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                                 Tom Carter 
     -----------------------------------  ---------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                      Chief Financial 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      180,070 
                                                          ---------- 
     ----------------------------------- 
 d)   Aggregated information               N/A 
      - Aggregated volume 
      - Price 
     ----------------------------------- 
 e)   Date of the transaction              12 June 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction             London Stock Exchange 
     -----------------------------------  ---------------------------------- 
 

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June 12, 2023 05:30 ET (09:30 GMT)