Company Announcements

Grant and cancellation of share options

Source: RNS
RNS Number : 8378W
Brand Architekts Group PLC
14 December 2023
 

Brand Architekts Group plc

 

("Brand Architekts" or "the Company")

 

Grant and cancellation of share options

 

Brand Architekts Group plc (the Company), pursuant to the rules of the Brand Architekts Group plc 2023 Long Term Incentive Plan ("LTIP") and the rules of the Company's 2017 CSOP scheme ("CSOP"), announces the grant of options over ordinary shares of 5p each in the Company ("Ordinary Shares"), and the cancellation of certain existing options, to Quentin Higham, Chief Executive.

 

Grant of Options

 

Director

Number of new Options granted

Number of historic options cancelled

Total Number of Options now

held

% of issued share

capital represented by Options now held

 

Quentin Higham (CEO)

400,000

145,228

741,515

2.65%

 






 

The options vest after 3 years and are exercisable at a price of 26.5 pence per share, representing the closing price of the Company's Ordinary Shares on 11 December 2023, being the day prior to the Grant Date. The Options are subject to the individual remaining an employee of the Company. All options expire six years after the Grant Date.

230,769 options are granted subject to the rules of the Company's 2017 CSOP scheme. The remaining 169,231 options are granted subject to the rules of the Company's 2023 LTIP scheme.

Cancellation of Options

145,228 options granted in 2020 under the Brand Architekts Group plc 2009 Long Term Incentive Plan to Quentin Higham, Chief Executive, have been cancelled ("Cancelled Options") as the performance requirements have not been met. Therefore, following the grant of Options above and the Cancelled Options, the total number of ordinary shares subject to options awarded to Directors and staff and which could, in the future, be issued is 769,515. This represents 2.75% of the current issued share capital of the Company which comprises 27,943,180 Ordinary Shares.

 

 

For further information, please contact:


Brand Architekts Group plc



Quentin Higham / Geoff Ellis

Chief Executive Officer / Chief Financial Officer








Shaun Dobson/ Jen Boorer

Singer Capital Markets

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 /Amendment

Initial Notification

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 financial instrument, type of instrument

Ordinary Shares of 5 pence each

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

400,000




d)

Aggregated information

N/A

- Aggregated volume

- Price

e)

Date of the transaction

12 December 2023

f)

Place of the transaction

London Stock Exchange

 

 

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 /Amendment

Initial Notification

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 financial instrument, type of instrument

Ordinary Shares of 5 pence each

Identification code

GB0008667304


b)

Nature of the transaction

Cancellation 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

12 December 2023

f)

Place of the transaction

London Stock Exchange

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAEALFFFDFFA