31 Jul 2019 07:00
31 July 2019
Be Heard Group plc ('Be Heard', the 'Company')
Further re Issue of Shares, Grant of Options and PDMR Shareholding
ADDITIONAL INFORMATON ON THE RECENT ISSUES OF SHARES
Be Heard Group plc, the digital marketing group, hereby notifies that on 5 July 2019, the following management employees and other connected persons received ordinary shares as part of the share issue announced on 26 June 2019.
Name | Role | Number of shares |
Richard Armstrong | CEO Kameleon Worldwide Ltd | 52,500,000 |
Ben Rudman | COO Be Heard Group plc | 24,032,591 |
James Cannings | CTO MMT Ltd | 24,032,591 |
Pete Robins | Founder Agenda 21 Ltd | 12,570,448 |
Rhys Williams | Founder Agenda 21 Ltd | 11,045,917 |
Neil Simpson | CEO The Corner Communications (London) Ltd | 20,125,737 |
Neil Hourston | CSO The Corner Communications (London) Ltd | 20,125,737 |
Tom Ewart | CCO The Corner Communications (London) Ltd | 20,125,737 |
Nick Bygate | MD MMT Ltd | 4,369,561 |
GRANT OF OPTIONS UNDER THE COMPANY'S LONG-TERM INCENTIVE SCHEME
The total holding in the Company of these people, representing 38.1% of the total issued share capital in Be Heard, is as follows:
Name | Role | Number of shares |
Richard Armstrong | CEO Kameleon Worldwide Ltd | 73,322,549 |
Ben Rudman | COO Be Heard Group plc | 69,726,942 |
James Cannings | CTO MMT Ltd | 69,726,942 |
Pete Robins | Founder Agenda 21 Ltd | 59,040,542 |
Rhys Williams | Founder Agenda 21 Ltd | 51,878,974 |
Neil Simpson | CEO The Corner Communications (London) Ltd | 46,924,363 |
Neil Hourston | CSO The Corner Communications (London) Ltd | 46,924,363 |
Tom Ewart | CCO The Corner Communications (London) Ltd | 46,924,363 |
Nick Bygate | MD MMT Ltd | 10,977,861 |
Furthermore, Be Heard announces that, on 13 May 2019, the Company's Long-Term Incentive Plan ("LTIP") was approved and that subsequent to this options were granted over ordinary shares of one pence each in the capital of the Company ("Options") to certain Directors and PDMRs, the details of which are set out below:
Name | Role | Number of shares |
Simon Pyper | CEO Be Heard Group plc | 40,000,000 |
Ben Rudman | COO Be Heard Group plc | 25,000,000 |
Richard Armstrong | CEO Kameleon Worldwide Ltd | 25,000,000 |
Neil Collins | MD Agenda 21 Ltd | 3,092,500 |
All Options are exercisable at a price of nil pence, and vest at multiple points dependent upon profit and share price targets. These targets are as follows:
| EBITDA targets | Share Price Targets | Weighting |
| 60% | 40% |
|
Target 1 | £4.0 million | 2.00 p | 20% |
Target 2 | £5.0 million | 3.00 p | 40% |
Target 3 | £6.0 million | 4.00 p | 40% |
The options are exercisable once vested for a 10-year period from the date of grant.
As with many LTIP schemes the Remuneration Committee is able to amend targets to reflect such matters as acquisitions and disposals and where appropriate market conditions (with regards to providing competitive remuneration and incentive packages). Full details of the LTIP scheme will be published with the Group's interim results.
Enquiries:
Be Heard Group plc +44 20 3828 6269
Simon Pyper, Group Chief Executive
Ben Rudman, Chief Operating Officer
N+1 Singer (Nomad and Joint Broker) +44 20 7496 3000
Mark Taylor / Lauren Kettle
Dowgate (Joint Broker) +44 20 3903 7715
James Serjeant
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Richard Armstrong | ||||||||||||
(b) | Position / status | CEO Kameleon Worldwide Limited | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Ben Rudman | ||||||||||||
(b) | Position / status | COO Be Heard Group plc | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | James Cannings | ||||||||||||
(b) | Position / status | CTO MMT Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Nick Bygate | ||||||||||||
(b) | Position / status | MD MMT Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Neil Simpson | ||||||||||||
(b) | Position / status | CEO The Corner Communications (London) Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Neil Hourston | ||||||||||||
(b) | Position / status | CSO The Corner Communications (London) Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Tom Ewart | ||||||||||||
(b) | Position / status | CCO The Corner Communications (London) Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Pete Robins | ||||||||||||
(b) | Position / status | Founder Agenda 21 Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||
1 | Details of PDMR/person closely associated with them ("PCA") | |||||||||||||
(a) | Name | Rhys Williams | ||||||||||||
(b) | Position / status | Founder Agenda 21 Ltd | ||||||||||||
(c) | Initial notification / amendment | Initial notification | ||||||||||||
2 | 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 instrument | Ordinary shares of 1p each | ||||||||||||
| Legal Entity Identifier | 213800KTIU8LVH45C84 | ||||||||||||
(b) | Nature of the transaction | Share issue | ||||||||||||
(c) | Price(s) andvolume(s) |
| ||||||||||||
(d) | Aggregated information Aggregated volume Price | Single transaction | ||||||||||||
(e) | Date of the transaction | 5 July 2019 | ||||||||||||
(f) | Place of the transaction | AIM | ||||||||||||