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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 |
From Jun 2023 to Jun 2024
TIDMBRSD
RNS Number : 9748M
Brandshield Systems PLC
19 September 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
BrandShield Systems Plc
("BrandShield" or the "Company")
Vesting of Options under Long Term Incentive Plan
BrandShield Systems plc (AIM:BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, announces that on 19 September 2023, certain percentages of the Long Term Incentive Plan ("LTIP") performance based options vested in accordance with the terms set out in the LTIP option agreements with certain senior managers in the Company.
The terms of the LTIP options award were announced by the Company on 19 April 2021. Under these terms the LTIP options would vest based on the achievement of Annualised Recurring Revenue ("ARR") milestone targets as at 30 June 2022 and 30 June 2023.
The First Milestone Options vested as announced on 29 September 2022.
Following the publication of the Company's interim results on 19 September 2023, 3 senior managers have qualified for 68.37% of the Second Milestone Options. These options are exercisable into new ordinary shares at the Company upon payment of an exercise price of GBP0.01, that being the nominal value of the Company's shares. However, they are not exercisable for 3 years from grant (19 April 2024) and have a life to expiry of 10 years (until 19 April 2031).
The Second ARR target was $13m and the ARR achieved was c$9.71m.
LTIP options have vested in line with the following table:
Hot Features
Premium
Name of Director Number of Options Exercise
/ PDMR vested based on 30 Price
June ARR figure
Yoav Keren (CEO) 2,001,324 (out of a GBP0.01
maximum of
2,927,290)
-------------------------- ---------
Yuval Zantkeren 2,001,324 (out of a GBP0.01
(CTO) maximum of
2,927,290)
-------------------------- ---------
Itai Galmor 780,326 (out of a maximum GBP0.01
(Chief Revenue of 1,141,365)
Officer)
-------------------------- ---------
Definitions used in this announcement are as per the 19 April 2021 notification.
For more information contact:
BrandShield Systems plc +44 (0)20 3143 Yoav Keren, CEO 8300 Spark Advisory Partners Limited (Nominated Adviser) +44 (0)20 3368 Neil Baldwin / Andrew Emmott / James Keeshan 3554 Shore Capital (Broker) Toby Gibbs / James Thomas / Rachel Goldstein (Corporate Advisory) +44 (0)20 7408 Henry Willcocks (Corporate Broking) 4090 Vigo Consulting (Financial Public Relations Jeremy Garcia/Kendall Hill +44 (0)207 390 Brandshield@vigoconsulting.com 0237
**S**
The notification below, made in accordance with the Market Abuse Regulation, provides further details in relation to these PDMR dealings.
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Yoav Keren
-------------------------- ----------------------------------------
Reason for notification
2
--------------------------------------------------------------------
a) Position / status Director
-------------------------- ----------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
--------------------------------------------------------------------
a) Name BrandShield Systems Plc
-------------------------- ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
-------------------------- ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 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 New options
-------------------------- ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.01 2,001,324
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 2,001,324
- Aggregated price GBP0.01
-------------------------- ----------------------------------------
e) Date of the transaction 19 September 2023
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Yuval Zantkeren
-------------------------- ----------------------------------------
Reason for notification
2
--------------------------------------------------------------------
a) Position / status Director
-------------------------- ----------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
--------------------------------------------------------------------
a) Name BrandShield Systems Plc
-------------------------- ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
-------------------------- ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 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 Vesting of options
-------------------------- ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.01 2,001,324
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 2,001,324
- Aggregated price GBP0.01
-------------------------- ----------------------------------------
e) Date of the transaction 19 September 2023
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Itai Galmor
-------------------------- ----------------------------------------
Reason for notification
2
--------------------------------------------------------------------
a) Position / status PDMR
-------------------------- ----------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
--------------------------------------------------------------------
a) Name BrandShield Systems Plc
-------------------------- ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
-------------------------- ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 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 Vesting of options
-------------------------- ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.01 780,326
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 780,326
- Aggregated price GBP0.01
-------------------------- ----------------------------------------
e) Date of the transaction 19 September 2023
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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END
MSCEAKNNFAEDEFA
(END) Dow Jones Newswires
September 19, 2023 12:21 ET (16:21 GMT)
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