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 2023 Long Term Incentive Plan ("LTIP"), granted options to Quentin Higham to subscribe for up to 230,000 ordinary shares of 5p each in the capital of the Company (the "Options") as follows:
| Director | Number of new Options granted | Total Number of Options now held | % of issued share capital represented by Options now held |
| Quentin Higham (CEO) | 230,000 | 486,743 | 1.74% |
| | | | |
All of the 230,000 new Options granted under the LTIP are linked to a share price target ranging from a threshold at 60 pence to the full award at a share price of 120 pence. To the extent that this performance condition is met at the financial year end 2025, the Options can be exercised at nil cost.
In addition, 241,070 options granted under the Brand Architekts Group plc 2009 Long Term Incentive Plan including 180,070 options previously awarded to Tom Carter (CFO) have been cancelled ("Cancelled Options"). Therefore, following the grant of Options and the Cancelled Options the total number of ordinary shares subject to options and which could, in the future, be issued is 514,743. This represents 1.84% 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 | Chief Executive 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) |
| | ||||
| | | ||||||
| d) | Aggregated information | N/A | |||||
| - Aggregated volume | |||||||
| - Price | |||||||
| e) | Date of the transaction | 12 June 2023 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
| a) | Name | Tom Carter | |||||
| 2 | Reason for the notification | ||||||
| a) | Position/status | Chief Financial 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) |
|
| ||||
| d) | Aggregated information | N/A | |||||
| - Aggregated volume | |||||||
| - Price | |||||||
| e) | Date of the transaction | 12 June 2023 | |||||
| f) | Place of the transaction | London Stock Exchange | |||||
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