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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brandshield Systems Plc | LSE:BRSD | London | Ordinary Share | GB00BM97CN29 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.58 | 2.50 | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRSD
RNS Number : 7785L
Brandshield Systems PLC
15 January 2021
15 January 2021
BrandShield Systems plc
("BrandShield", or the "Company")
Award of Director Options
Issues of equity
BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, announces that on 14 January 2021 it conditionally awarded share options over ordinary shares of GBP0.01 to a Director (the "Director Options"). The Director Options are outlined in the table below. In addition, the Company has allotted 100,000 ordinary shares to SPARK Advisory Partners Limited in part-settlement of fees relating to the recent Reverse Takeover Transaction undertaken (the "Fee Shares"). The Company has also received a subscription notice exercising warrants over 34,594 new ordinary shares ("Warrant Shares").
The Board is acutely aware of the requirement to align directors' incentives with value delivered to the Company's shareholders. Pursuant to the resolutions approved at a General Meeting of the Company held on 27 November 2020, the Board has been authorised to grant share incentives to its directors and senior management with the approval of its remuneration committee. The Company advises that it has issued a total of 500,000 Director Options to the Chief Financial Officer, Ravit Freedman.
The 500,000 Director Options have an exercise price of GBP0.25 and the following vesting conditions:
-- 25% of the options will vest after 12 months from date of grant.
-- 1/16th of the total options will vest quarterly between 12 months from date of grant to 4 years from date of grant.
The issue of Director Options is outlined below:
Name of Director Number Exercise Vesting Conditions End of Exercise / PDMR of Options Price Period granted Ravit Freedman 500,000 GBP0.25 25% after 12 10 years (CFO) months from grant. from date 1/16(th) of total of issue. every quarter for a further 3 years. Subject to 30 days' notice period to ITA. ------------ --------- -------------------- ----------------
Agreement to Issue Fee Shares
The Company has allotted 100,000 Fee Shares to SPARK Advisory Partners Limited at the recent placing price of 20p per share in relation to part settlement of fees from the recent Reverse Takeover Transaction. The new Ordinary Shares issued will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such Ordinary Shares.
Application has been made for the Fee Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 21 January 2021.
Exercise of Warrants
The Company received subscription notices on 14 January 2021 exercising 34,594 warrants to subscribe for new ordinary shares in the Company at an exercise price of 20 pence per Warrant Share. Application has been made for the Warrant Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 21 January 2021.
Total Voting Rights
Upon Admission of the Fee Shares and Warrant Shares, the Company's issued share capital will consist of 114,271,126 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 114,271,126. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (eu) 596/2014
-Ends-
Yoav Keren, CEO BrandShield Systems plc T : 020 3143 8300 Neil Baldwin Spark Advisory Partners T: +44 (0) 20 3368 3554 Limited (Nominated Adviser) Robert Emmet Optiva Securities Limited (Broker) T: +44 (0) 20 3137 1902
About BrandShield
BrandShield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits. For more information, visit www.brandshield.com
1 Details of t he p erson disc harging managerial responsib ilities / p erson closely associated a) Name Ravit Freedman -------------------------- ---------------------------------------- 2 Reason for notification -------------------------------------------------------------------- a) Position / status Director -------------------------- ---------------------------------------- b) I nitial notification Initial /Amendment -------------------------- ---------------------------------------- 3 Details of t he issu er, e mission allow a n ce m a r k et participan t, au ct ion plat for m, au ction eer or auc tion monitor -------------------------------------------------------------------- a) Name BrandShield Systems Plc -------------------------- ---------------------------------------- b) LEI 213800K5AXTQDWB6BP80 -------------------------- ---------------------------------------- 4 Details of t he t ransact ion (s): section to be re p eated for ( i) e a ch type of instr u m e n t; (ii) each type of transac tion; (iii) each date; and ( iv) each place w h ere transactions have b een condu cted -------------------------------------------------------------------- a) Description of the Ordinary shares of 1p (GBP0.01) each in financial instrument, the capital of BrandShield Systems Plc t ype of instrument ISIN GB00BM97CN29 I d e ntification code -------------------------- ---------------------------------------- Nature of the transaction Grant of options -------------------------- ---------------------------------------- Price(s) and volumes(s) Price(s) Volume(s) GBP0.25 500,000 ---------- -------------------------- ---------------------------------------- d) Aggregated information - Aggregated volume 500,000 - Aggregated price GBP0.25 -------------------------- ---------------------------------------- e) Date of the transaction 14 January 2021 -------------------------- ---------------------------------------- f) Place of the transaction Outside a trading venue -------------------------- ----------------------------------------
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(END) Dow Jones Newswires
January 15, 2021 02:00 ET (07:00 GMT)
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