Last checked at 17 Dec 2020 07:00
17 December 2020
Braveheart Investment Group plc
("Braveheart" or the "Group")
Director/PDMR Shareholding
Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs)
At the Annual General Meeting held on 8 September 2020, shareholders approved the creation of a share option scheme in order to provide a long term incentive plan for Directors, Employees and consultants of the Group, including those Strategic Investments where Braveheart owns 50% or more of the issued share capital. A new plan, which is limited so that the number of shares awarded under the plan will not exceed 20% of the then issued share capital of the Company, has now been put in place ("the Share Option Plan").
Braveheart announces that, pursuant to the Share Option Plan, Trevor Brown and Vivian Hallam, both directors of Braveheart and persons discharging managerial responsibilities ("PDMR") of the Company have been granted options over 1,200,000 and 500,000 Ordinary Shares of 2 pence each in the Group ("Ordinary Shares"), respectively, at an exercise price of 17p per share, being the closing mid-market price on 16 December 2020. The options vest with immediate effect and are exercisable up to 16 December 2030.
A further 650,000 options over Ordinary Shares have been granted to employees and consultants of the Group, on the same terms as above.
Details of the transactions can be found in the Notification of Dealing Forms below.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Trevor Brown
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Director
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Braveheart Investment Group plc | |
b)
| LEI
| 2138006HQ3COMU626I61 | |
4
| 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, type of instrument
Identification code
| Ordinary shares of 2 pence each in Braveheart Investment Group plc
GB00B13XV322 | |
b)
| Nature of the transactions
| Grant of options over ordinary shares | |
c)
| Price(s) and volume(s)
| Price(s)
Exercise price of 17p per share
| Volume(s)
1,200,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
| N/A
| |
e)
| Dates of the transactions
| 16 December 2020 | |
f) | Place of transaction | Outside a trading venue | |
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||
a)
| Name
| Vivian Hallam
| |
2
| Reason for the notification
| ||
a)
| Position/status
| Director
| |
b)
| Initial notification /Amendment
| Initial Notification | |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
a)
| Name
| Braveheart Investment Group plc | |
b)
| LEI
| 2138006HQ3COMU626I61 | |
4
| 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, type of instrument
Identification code
| Ordinary shares of 2 pence each in Braveheart Investment Group plc
GB00B13XV322 | |
b)
| Nature of the transactions
| Grant of options over ordinary shares | |
c)
| Price(s) and volume(s)
| Price(s) Exercise price of 17p per share | Volume(s) 500,000 |
d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
N/A
| |
e)
| Date of the transactions
| 16 December 2020 | |
f) | Place of transaction | Outside a trading venue | |
For further information:
Braveheart Investment Group plcTrevor Brown, Chief Executive Officer
| Tel: 01738 587555 |
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / James Hornigold
| Tel: 020 3328 5656
|
Peterhouse Capital Limited (Joint Broker) Heena Karani / Lucy Williams
|
Tel: 020 7469 0936 |