Award of options

RNS Number : 5576P

Braveheart Investment Group plc

20 August 2014

 



Braveheart Investment Group plc

('Braveheart' or 'the 'Group')

Award of Options

Braveheart Investment Group plc, the AIM-listed investment management group providing financing to SMEs, servicing the investment requirements of business angels, high net worth individuals, family offices and public sector organisations, and directly holding an investment portfolio of early-stage technology companies, announces that the directors and staff named below have been awarded the following new options over the Group's Ordinary Shares with a grant date of 19 August 2014 ("New Options"):

	Employment Based	Performance Based	Total
Directors:
Geoffrey Thomson	-	108,108	108,108
Carolyn Smith	-	64,865	64,865
Aileen Brown	-	64,865	64,865
Staff	104,513	351,351	455,864
Total	104,513	589,189	693,702

The exercise price for the New Options is 10.50 pence. The employment based options will become exercisable on the third anniversary of grant, the performance based options will become exercisable on the first anniversary following achievement of the performance conditions.

The resulting aggregate options held are as below:

	Employment Based	Performance Based	Other	Total
Directors:
Jeremy Delmar-Morgan	-	-	-	-
Ken Brown	-	-	-	-
Trevor Brown	-	-	-	-
Geoffrey Thomson	177,106	247,531	105,000	529,637
Carolyn Smith	130,752	148,519	77,778	357,049
Aileen Brown	33,800	102,365	-	136,165
Staff	423,489	519,155	42,315	984,959
Total	765,147	1,017,570	225,093	2,007,810

Further information:

Braveheart Investment Group plc

Geoffrey Thomson, Chief Executive                                                                       Tel: [phone]

[e-mail]

Sanlam Securities UK Limited (Nominated Advisor and Broker to Braveheart)

Lindsay Mair                                                                                                                      Tel: [phone]

Media Enquiries (Braveheart):

Allerton Communications

Peter Curtain                                                                                                                     Tel: [phone]

[e-mail]

Notes to Editors

Braveheart Investment Group plc

Braveheart provides financing and associated advisory services for small and medium sized enterprises (SMEs) as follows:

For the company looking to raise money, we provide:

·     Equity Capital. This form of financing is typically long term and is usually appropriate for fast growing business or early stage companies. We will consider equity financings where our individual investment, or the investment we arrange, would normally be a maximum or £2m although we are happy to participate in larger financings as part of a syndicate;

·     Debt Finance. Short to medium term and for companies with cash flow to service the loan. Our unit size for this type of finance is up to £1m and we will usually provide junior debt which is unsecured but linked to an equity instrument;

The money we invest comes from a variety of sources (see below) and is sometimes linked to particular geographical locations.

To the investor, we provide a one-stop shop service to those in one of the following groups who are looking for exposure to SME investments:

·     High Net Worth (HNW) individuals looking to build tax efficient Enterprise Investment Scheme (EIS) and Seed EIS portfolios;

·     Family offices and private sector institutions;

·     The Public Sector.

 

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