Exercise of Options & Block Admission application
3 March 2021
Braveheart Investment Group plc
("Braveheart" or the "Company")
Exercise of Employee Share Options, Block Admission Application, Issue of Equity and
Total Voting Rights
Braveheart Investment Group (AIM: BRH) announces that it has received notices of exercise of employee share options by Trevor Brown, a director of the Company, over a total of 1,200,000 new ordinary shares of 2p each (the "New Shares") as follows:
Following the issue of these shares Trevor Brown will have the following interest in the Company's Ordinary Shares:
|
Name of Director |
Role |
Number of New Shares |
Resulting interest in Ordinary Shares |
Resulting percentage of enlarged issued share capital |
|
Trevor Brown |
CEO |
1,200,000 |
9,788,288 |
25.55 |
Application will be made for the New Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 9 March 2021 ("Admission"). The New Shares will rank pari passu in all respects with the Company's existing ordinary shares.
Block Admission Application
Braveheart further announces that an application has been made to the London Stock Exchange for a block admission to trading on AIM of 1,150,000 new ordinary shares of 2p each in the Company ("New Ordinary Shares") (the "Block Admission"). The Block Admission is being made for any issue and allotment of New Ordinary Shares arising from the exercise of options issued pursuant to the award of share options to directors, employees and consultants announced on 17 December 2020, after excluding the above options exercised by Trevor Brown.
Upon issue, the New Ordinary Shares will be issued credited as fully paid and rank pari passu in all respects with the existing ordinary shares of the Company. In accordance with rule 29 of the AIM Rules for Companies, the number of New Ordinary Shares issued and allotted under the Block Admission arrangement will be announced every six months.
It is expected that the Block Admission will become effective on or around 9 March 2021.
Total Voting Rights
Upon Admission, the issued share capital of the Company will consist of 38,297,451 ordinary shares of 2p each . The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 38,297,451. This figure may be used by shareholders as the denominator for the calculations by which they 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.
|
Braveheart Investment Group plc |
Tel: 01738 587555 |
|
Trevor Brown, Chief Executive Officer |
|
|
|
|
|
Allenby Capital Limited (Nominated Adviser and Joint Broker) |
Tel: 020 3328 5656 |
|
David Worlidge / James Reeve / George Payne |
|
|
|
|
|
Peterhouse Capital Limited (Joint Broker) |
Tel: 020 7469 0936 |
|
Heena Karani / Lucy Williams |
|
N otification 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 |
||||||
|
2 |
Reason for the notification |
|||||||
|
a) |
Position/status |
Chief Executive Officer |
||||||
|
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
|
Ordinary shares of 2 pence each in Braveheart Investment Group plc
GB00B13XV322 |
||||||
|
b) |
Nature of the transaction |
Exercise of options |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price - Principal amount |
N/A
|
||||||
|
e) |
Dates of the transaction |
3 March 2021 |
||||||
|
f) |
Place of transaction |
Outside trading venue |
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