Brand Architekts Group PLC Grant of share options (6614A)
September 30 2020 - 10:24AM
UK Regulatory
TIDMBAR
RNS Number : 6614A
Brand Architekts Group PLC
30 September 2020
Brand Architekts Group plc
("Brand Architekts" or "the Company")
Grant of share options
Brand Architekts Group plc (the Company), has, pursuant to the
rules of the Brand Architekts Group plc 2009 Long Term Incentive
Plan ("LTIP"), granted options to certain of its directors to
subscribe for up to 247,510 ordinary shares of 5p each in the
capital of the Company (the "Options") as follows:
Director Number of Total Number % of issued share
new Options of Options capital represented
granted now held by Options now
held
Quentin Higham (CEO) 145,228 145,228 0.8%
Tom Carter (CFO) 102,282 102,282 0.6%
All of the 247,510 new Options granted under the LTIP are linked
to a share price target ranging from a threshold at GBP1.80 to the
full award at a share price of GBP2.00. To the extent that this
performance condition is met at the end of the three-year
performance cycle, the Options can be exercised at nil cost. Upon
vesting, the entire award will be made in shares.
The Company also announces that the Board has agreed to cancel
certain of its existing options over 38,000 Ordinary Shares in the
Company previously granted to certain of its employees in 2017
under the Company Share Option Scheme and granted new options over
the same number of Ordinary Shares to certain of its employees at
an exercise price of 120.5 pence per Ordinary Share (being the
closing price prior to the date of the grant) and exercisable from
30(th) September 2023. The company also granted new options over
51,000 Ordinary Shares in the Company to employees under the same
scheme and conditions.
Following the grant of these Options the total number of
ordinary shares subject to options and which could, in the future,
be issued is 336,510. This represents 1.95% of the current issued
share capital of the Company which comprises 17,230,702 Ordinary
Shares.
For further information, please contact:
Brand Architekts Group
plc
-------------------------- ---------------
Quentin Higham Chief Executive Officer
-------------------------- ---------------
Tom Carter Chief Financial Officer
-------------------------- ---------------
Shaun Dobson/ Jen Boorer N+1 Singer 0207 496 3000
-------------------------- ---------------
Josh Royston / Sam
Modlin Alma PR 0203 405 0205
-------------------------- ---------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Quentin Higham
-------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Executive Officer
-------------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Brand Architekts Group PLC
-------------------------------- ----------------------------------------
b) LEI 213800BSD8D9QEUKCE17
-------------------------------- ----------------------------------------
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 Ordinary Shares of 5 pence each
financial instrument,
type of instrument
Identification code GB0008667304
b) Nature of the transaction Grant of options
-------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------------ -----------
Price(s) Volume(s)
------------------------ -----------
Exercise price
of nil per Option 145,228
-------------------------------------------------------------- -----------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 30 September 2020
-------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ----------------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Thomas Carter
-------------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Brand Architekts Group PLC
-------------------------------- ----------------------------------------
b) LEI 213800BSD8D9QEUKCE17
-------------------------------- ----------------------------------------
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 Ordinary Shares of 5 pence each
financial instrument,
type of instrument
Identification code GB0008667304
b) Nature of the transaction Grant of options
-------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------------ -----------
Price(s) Volume(s)
------------------------ -----------
Exercise price
of nil per Option 102,282
-------------------------------------------------------------- -----------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 30 September 2020
-------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange
-------------------------------- ----------------------------------------
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