Brave Bison Group PLC Lock-in and Orderly Market Agreement (5197N)
October 26 2016 - 5:57AM
UK Regulatory
TIDMBBSN
RNS Number : 5197N
Brave Bison Group PLC
26 October 2016
26 October 2016
Brave Bison Group plc ("Brave Bison" or "the Company")
Lock-in and Orderly Market Agreement
The Directors of Brave Bison have been made aware by Mr Collier
that between 3 August 2016 and 1 September 2016 he sold a total of
492,559 ordinary shares in the Company, which had been issued as
VML earn-out consideration, as announced on 1 September 2015, and
were subject to lock-up arrangements until 2 September 2016. This
constituted a breach of the Lock-in and Orderly Market Agreement
("LOMA"), entered into on 7 July 2014 between the Company, Cenkos
Securities plc and Mr. Collier, one of the vendors of Viral
Management Limited ("VML"), which the Company accepts was
inadvertent.
Mr Collier has been co-operating with the Company and has agreed
that he will now be subject to an extended lock-up agreement on his
existing balance holding of 1,667,869 ordinary shares in the
Company pursuant to which he will not be able to sell such shares
(subject to certain carve-outs) during the period from the date of
this announcement until 2 September 2017.
Enquiries:
Brave Bison Group plc via FTI Consulting
Ashley MacKenzie (CEO) / Kevin Deeley (CFO)
Stockdale Securities Limited Tel: 020 7601 6100
Richard Johnson / Andy Crossley
FTI Consulting Tel: 020 3727 1000
Rob Mindell / Antonia Gray
About Brave Bison plc
Brave Bison is an independent Digital Media & Social Video
Broadcaster, proudly working with some of the biggest brands and
most followed YouTube and Facebook social creator talent in the
world. Clients include Coca Cola, P&G, Microsoft, 20th Century
Fox, CNBC, Universal Pictures and Google.
Brave Bison is the largest multi-platform video network in the
world outside North America, with headquarters in London, and
offices in 5 countries around the world, including France, Spain,
Singapore, Australia and the US.
Brave Bison makes it simple for Content Owners, Creators,
Brands, Publishers and Platforms to unlock the value of online
video, whether on a licensed, ad-funded, direct to consumer or paid
placement basis.
www.bravebison.io
Brave Bison Limited (incorporated in England with company number
07634543) has its registered office at 1 Neal Street London WC2H
9QL. Brave Bison Limited is a subsidiary of Brave Bison Group plc
(incorporated in England and Wales with company number
08754680).
This information is provided by RNS
The company news service from the London Stock Exchange
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