Last checked at 20 Jul 2010 10:08
20 July 2010
Braveheart Investment Group plc
('Braveheart' or 'the Group')
Award of Options
Braveheart (AIM: BRH), the technology commercialisation and investment management company, announces that the directors and staff named below have been awarded the following new options over the Group's Ordinary Shares:
|
| Employment Based | Performance Based | Other | Total |
| Directors: |
|
|
|
|
| Geoffrey Thomson | 49,155 | 76,923 | 105,000 | 231,078 |
| Carolyn Smith | 36,411 | 46,154 | 77,778 | 160,343 |
| Colin Grant | 34,677 | 46,154 | 74,074 | 154,905 |
|
|
|
|
|
|
| Staff | 202,014 | 169,227 | 96,686 | 467,927 |
|
|
|
|
|
|
| Total | 322,257 | 338,458 | 353,538 | 1,014,253 |
The exercise price for the new options is 25.5p. The employment options will become exercisable on the third anniversary of grant, the performance options will become exercisable on the first anniversary following achievement of the performance condition, and the other options are exercisable immediately.
The resulting aggregate options held are as below:
|
| Employment Based | Performance Based | Other | Total |
| Directors: |
|
|
|
|
| Garry Watson | - | - | - | - |
| Edward Cunningham | - | - | - | - |
| Ken Brown | - | - | - | - |
| Jeremy Delmar-Morgan | - | - | - | - |
| Geoffrey Thomson | 157,319 | 76,923 | 105,000 | 339,242 |
| Carolyn Smith | 115,462 | 46,154 | 77,778 | 239,394 |
| Colin Grant | 93,739 | 46,154 | 74,074 | 213,967 |
|
|
|
|
|
|
| Staff | 482,168 | 169,227 | 96,686 | 748,081 |
|
|
|
|
|
|
| Total | 848,688 | 338,458 | 353,538 | 1,540,684 |
For further information please visit www.braveheartinvestmentgroup.co.uk or contact:
| Braveheart Investment Group | Tavistock Communications |
| Geoffrey Thomson, Chief Executive | Simon Hudson / James Midmer |
| Tel: 01738 587555 | Tel: 020 7920 3150 |
| gthomson@braveheart-ventures.co.uk | shudson@tavistock.co.uk |
|
|
|
| Seymour Pierce Limited |
|
| (Nominated Advisers to Braveheart) |
|
| John Cowie |
|
| Tel: 020 7107 8000 |
|
Notes to Editors
Braveheart Investment Group is a technology commercialisation and investment management company based in Perth, Scotland. It was founded in 1997 by a small group of investors in order to encourage and syndicate investments in privately held companies that offered opportunities for significant growth. Thirteen years on, Braveheart is a public company with offices in Perth, London and Yorkshire, and a demonstrable track record in early stage technology investing, as well as an established client base of high net worth individuals. Service offerings include bespoke EIS portfolios, fund management, investment facilitation and management services.
Investments are made in young, emerging, unlisted companies where there is potential for significant growth through successful commercialisation of IP. Through close relationships with a number of leading universities and innovation centres Braveheart has access to a wide variety of emerging commercial opportunities at early stages. The Group currently has 27 companies in its equity portfolio.