We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Braveheart Investment Group Plc | LSE:BRH | London | Ordinary Share | GB00B13XV322 | ORD 2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.50 | 6.00 | 7.00 | 6.50 | 6.50 | 6.50 | 17,732 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Management Services | 51k | 1.59M | 0.0249 | 2.61 | 4.14M |
From Apr 2022 to Apr 2024
TIDMBRH
RNS Number : 8312K
Braveheart Investment Group plc
09 May 2022
The following amendments have been made to the announcement, Cancellation and grant of options, released on 9 May 2022 at 1.08pm under RNS No 8123K.
Under "Grant of new options":
- the new options were granted today;
- the closing mid-market price of an Ordinary Share on 6 May 2022was the latest practicable date prior to the date of grant;
- the New Options will vest from 9 May 2023 and be exercisable up to 9 May 2032; and
- the date of the transactions on the Notification of Dealing Forms was 9 May 2022.
Please see updated full announcement below.
09 May 2022
Braveheart Investment Group plc
("Braveheart" or the "Company")
Cancellation and grant of options
Braveheart Investment Group (AIM: BRH), announces the cancellation of options over ordinary shares of 2p each in the Company ("Ordinary Shares") issued to two Directors of the Company and the concurrent granting of new options over Ordinary Shares to the same Directors.
Background
At the annual general meeting of the Company held on 8 September 2020, shareholders approved the implementation of a share option scheme in order to provide a long-term incentive plan for Directors, employees and consultants of the Company, including those Strategic Investments where Braveheart owns 50% or more of the issued share capital ("the Share Option Plan").
On 14 October 2021, options were granted over 1,500,000 and 2,000,000 Ordinary Shares to Trevor Brown (CEO) and Vivian Hallam (Executive Director) respectively, at an exercise price of 31.5p per share, being the closing mid-market price of an Ordinary Share on 13 October 2021 (the "Historic Options").
The remuneration committee of the Company ("Remuneration Committee") has determined that, in order to continue to incentivise Trevor Brown and Vivian Hallam without creating further potential dilution for shareholders of the Company, it is appropriate to cancel certain of the Historic Options and issue the same number of new options to the Directors, exercisable at the current share price, as detailed below.
Cancellation of certain Historic Options
The Company has today 9 May 2022 cancelled the following Historic Options:
Hot Features
Premium
Name Number of Historic Remaining number
Options Cancelled of Historic Options
held
Trevor Brown 750,000 750,000
Vivian Hallam 1,000,000 1,000,000
The performance and time related vesting criteria on the remaining Historic Options remain as announced on 14 October 2021.
Grant of new options
The Company has today granted new options over 1,750,000 Ordinary Shares (the "New Options") as follows:
Name Number of New Options Exercise price
granted
Trevor Brown 750,000 14p
Vivian Hallam 1,000,000 14p
The exercise price of the New Options is 14p, being the closing mid-market price of an Ordinary Share on 6 May 2022, the latest practicable date prior to the date of grant. The New Options will vest from 9 May 2023 and be exercisable up to 9 May 2032, subject to continued employment and an additional performance related criteria that the closing price of an Ordinary Share must exceed 31.5p, being the exercise price of the Historic Options, for 10 days within any period of 30 days.
Following the cancellation of the Historic Options and grant of the New Options, the Company now has options outstanding over a total of 4,596,000 Ordinary Shares.
Details of the transactions can be found in the Notification of Dealing Forms below.
Details of the person discharging managerial responsibilities
1 / person closely associated
-----------------------------------------------------------------------
a) Name Trevor Brown Chief Executive Officer
Vivian Hallam Executive Director
------------------------
--------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status See 1a) above
--------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Braveheart Investment Group plc
--------------------------- ------------------------------------------
b) LEI 2138006HQ3COMU626I61
--------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 2 pence each in
financial instrument, Braveheart Investment Group plc
type of instrument
Identification code GB00B13XV322
--------------------------- ------------------------------------------
b) Nature of the transactions Cancellation of options over ordinary
shares
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price: Exercise price of 31.5p per
share
Trevor Brown 750,000
Vivian Hallam 1,000,000
----------
--------------------------- ------------------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
- Principal amount
--------------------------- ------------------------------------------
e) Dates of the transaction 9 May 2022
f) Place of transaction Outside a trading venue
--------------------------- ------------------------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
-----------------------------------------------------------------------
a) Name Trevor Brown Chief Executive Officer
Vivian Hallam Executive Director
------------------------
--------------------------- ------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------
a) Position/status See 1a) above
--------------------------- ------------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Braveheart Investment Group plc
--------------------------- ------------------------------------------
b) LEI 2138006HQ3COMU626I61
--------------------------- ------------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of 2 pence each in
financial instrument, Braveheart Investment Group plc
type of instrument
Identification code GB00B13XV322
--------------------------- ------------------------------------------
b) Nature of the transactions Grant of options over ordinary shares
--------------------------- ------------------------------------------
c) Price(s) and volume(s) Price:
Exercise price of 14p per share
Trevor Brown 750,000
Vivian Hallam 1,000,000
----------
--------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume N/A
- Price
- Principal amount
--------------------------- ------------------------------------------
e) Date of the transaction 9 May 2022
f) Place of transaction Outside a trading venue
--------------------------- ------------------------------------------
For further information:
Braveheart Investment Group plc Tel: 01738
587555
Trevor Brown, Chief Executive Officer
Allenby Capital Limited (Nominated Tel: 020
Adviser and Joint Broker) 3328 5656
David Worlidge / James Reeve / George
Payne
Peterhouse Capital Limited (Joint Tel: 020
Broker) 7469 0936
Heena Karani / Lucy Williams
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHKZGGKDLDGZZM
(END) Dow Jones Newswires
May 09, 2022 10:57 ET (14:57 GMT)
1 Year Braveheart Investment Chart |
1 Month Braveheart Investment Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
