Brand Architekts Group PLC Grant and cancellation of share options (8378W)
14 Dicembre 2023 - 11:16AM
UK Regulatory
TIDMBAR
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 Number of historic Total Number % of issued share
new Options options cancelled of Options now capital represented
granted held 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 Chief Executive Officer / Chief
Ellis 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 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 financial Ordinary Shares of 5 pence each
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 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 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 financial Ordinary Shares of 5 pence each
instrument, type of
instrument
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
----------------------------------- ----------------------------------
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END
DSHEAEALFFFDFFA
(END) Dow Jones Newswires
December 14, 2023 05:16 ET (10:16 GMT)
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