TIDMBRSD

RNS Number : 5929U

Brandshield Systems PLC

07 April 2021

7 April 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

BrandShield Systems plc

("BrandShield", or the "Company")

Exercise of Options; Issue of Warrants; Total Voting Rights

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, announces that the Company has received subscription notices exercising 2,699,619 options from ex-employees of BrandShield to subscribe for new ordinary shares of one pence each in the Company ("Ordinary Shares") at prices of between 1p and 8.64p per share (the "option shares"). Subscription funds of GBP49,136.97 have been received by the Company. The option shares will be subject to trading restrictions until December 2022.

The option shares will be held in the custody of an Israeli trustee, Altshuler Shaham Trusts Limited, for the duration of the Restricted Period, being two years from completion of the Reverse Takeover transaction which took place on 1 December 2020. Some 65,751,476 shares in issue are already under the custody of the trustee, representing 57.1% of the current issued share capital. These shares resulted from consideration shares issued to existing BrandShield shareholders on completion of the Reverse Takeover. The trustee will not release shares from the trust for a 2 year period from December 2020 under circumstances laid out in the Admission Document which was published by the Company on 11 November 2020.

The option shares were allotted on 6 April 2021. Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 12 April 2021. On Admission the new Ordinary Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Issue of Warrants

The Company has issued 49,219 warrants to subscribe for ordinary shares of 1 pence each at a subscription price of 20 pence per share to an advisor of the Company in relation to the provision of professional services. The warrants have an exercise expiry date of 1 December 2023.

Total Voting Rights

Following Admission of the New Shares, the total issued share capital of the Company will consist of 117,950,921 Ordinary Shares. As such the total number of voting rights in the Company will be 117,950,921 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

   For further information please visit  https://www.brandshield.com/   or contact: 
 
 BrandShield Systems plc                                 +44 (0)20 3143 
  Yoav Keren, CEO                                         8300 
 Spark Advisory Partners Limited (Nominated Adviser)     +44 (0)20 3368 
  Neil Baldwin / Andrew Emmott / James Keeshan            3554 
 Shore Capital (Joint Broker) 
  Toby Gibbs / James Thomas / Sarah Mather (Corporate 
  Advisory)                                              +44 (0)20 7408 
  Henry Willcocks (Corporate Broking)                     4090 
 Tennyson Securities (Joint Broker)                      +44 (0)20 7186 
  Peter Krens                                             9033

About BrandShield

BrandShield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include phishing, social phishing, executive impersonation, fraud, brand abuse, and counterfeits.

   For more information, visit   www.brandshield.com .

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April 07, 2021 02:00 ET (06:00 GMT)

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