3 February 2025
Braveheart Investment Group
plc
("Braveheart" or the
"Company")
Cancellation of
Options
Braveheart Investment Group (AIM:
BRH), announces the cancellation of options ("Options") over ordinary shares of 2p
each in the Company ("Ordinary
Shares"), previously issued to two Directors of the
Company.
Background
At the annual general meeting of the
Company held on 8 September 2020, shareholders approved the
implementation of a share option scheme in order to provide a
long-term incentive plan for Directors, employees and consultants
of the Company.
On 14 October 2021, options were
granted over 1,500,000 and 2,000,000 Ordinary Shares to Trevor
Brown (Chief Executive Officer) and Vivian Hallam (Executive
Director) respectively, at an exercise price of 31.5p per share
(the "First Historic
Options").
On 9 May 2022, options were granted
over 750,000 and 1,000,000 Ordinary Shares to Trevor Brown and
Vivian Hallam respectively, at an exercise price of 14p per share
(the "Second Historic
Options" and together with the First
Historic Options, the "Historic
Options").
Also on 9 May 2022,
750,000 and 1,000,000 of the First Historic
Options granted to Trevor Brown and Vivian Hallam respectively,
were cancelled.
Cancellation of remaining
Historic Options
On 31 January 2025, the remuneration
committee of the Company (the "Remuneration Committee"), Trevor Brown
and Vivian Hallam have agreed to the cancellation of a
further 2,976,192 Historic
Options, as detailed below:
|
Name
|
Number of Historic Options
cancelled
|
Exercise price of Historic
Options cancelled
|
Number of options over
ordinary shares held following the cancellation
|
|
Trevor Brown
|
1,500,000
|
750,000: 31.5 pence
750,000: 14 pence
|
2,750,000
|
|
Vivian Hallam
|
1,476,192
|
476,192: 31.5 pence
1,000,000: 14 pence
|
2,750,000
|
Following the cancellation of the
Historic Options, the Company now has Options outstanding over a
total of 7,146,000 Ordinary Shares, representing 11.21% of the
current issued share capital of the Company.
Details of the transactions can be
found in the Notification of Dealing Forms below.
|
For further
information:
|
|
|
|
|
Braveheart Investment Group plc
|
Tel: 01738 587555
|
|
Trevor Brown, Chief Executive
Officer
Vivian Hallam, Executive Director
|
|
|
|
|
|
Allenby Capital Limited (Nominated Adviser and Joint
Broker)
|
Tel: 020 3328 5656
|
|
James Reeve / George
Payne
|
|
|
|
|
|
Peterhouse Capital Limited (Joint
Broker)
|
Tel: 020 7469 0936
|
|
Heena Karani / Duncan
Vasey
|
|
|
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
|
|
Trevor Brown
|
Chief Executive Officer
|
|
Vivian Hallam
|
Executive Director
|
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
See 1a) above
|
|
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
|
Options over Ordinary Shares
in Braveheart Investment Group plc
GB00B13XV322
|
|
b)
|
Nature of the
transactions
|
Cancellation of Options over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
Exercise price per Option
of 31.5p per Ordinary Share
|
Trevor Brown
|
750,000 Options
|
|
Vivian Hallam
|
476,192 Options
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
- Principal amount
|
N/A
|
|
e)
|
Dates of the transaction
|
31 January 2025
|
|
|
|
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
|
Trevor Brown
|
Chief Executive Officer
|
|
Vivian Hallam
|
Executive Director
|
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
See 1a) above
|
|
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
|
Options over Ordinary Shares
in Braveheart Investment Group plc
GB00B13XV322
|
|
b)
|
Nature of the
transactions
|
Cancellation of Options over
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
Exercise price per Option of 14p per
Ordinary Share
|
Trevor Brown
|
750,000 Options
|
|
Vivian Hallam
|
1,000,000 Options
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
- Principal amount
|
N/A
|
|
e)
|
Dates of the transaction
|
31 January 2025
|
|
|
|
|
|
f)
|
Place of transaction
|
Outside a trading venue
|
|
