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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September 30, 2020 11:24 ET (15:24 GMT)