THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

24 May 2022

BrandShield Systems Plc

("BrandShield" or the "Company")

Subscription to raise £1.0 million

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection, announces it has raised £1.0m (gross) in a subscription ("Subscription") of 12,500,000 shares ("Subscription Shares") at an issue price of 8 pence per share.

Subscription Rationale and Use of Proceeds

To date, the Company has operated on limited funds in order to conserve working capital.  Following this investment, the Board of BrandShield will be in a position to accelerate the following key growth initiatives:

·    Expansion of sales and marketing efforts to further capitalise on a significant market opportunity

·    Convert near-term organic pipeline which continues to gather momentum despite budgetary constraints

·    Further investment in BrandShield 3.0, which is now central in driving both existing customer retention and new business pipeline

Yoav Keren, Chief Executive Officer of BrandShield, commented:

"We are delighted to have received further investment into the Company and believe the investors' ongoing commitment to BrandShield continues to validate our business and our go to market strategy. 

Pleasingly, we have seen a significant increase in interest in 2022 for our products, reflecting the unique nature of our SaaS solutions and the highlighting the critical need for corporates to protect online cyber threats external to the organization.

This fresh round of investment will enable BrandShield to accelerate a number of key growth drivers, ensuring we capitalise on what we believe is a significant market opportunity for our business."

The Subscription

The Company has entered into a subscription agreement with William Currie Investments Limited and Sir Terence Leahy ("the Subscribers") whereby the Subscribers will subscribe for 12,500,000 shares at a share price of 8 pence per share. The Subscription is conditional upon, inter alia, admission of the Subscription Shares ("Admission") occurring by no later than 30 June 2022.

Admission of Subscription Shares

Application will be made for the Subscription Shares to be admitted to trading on the AIM market of London Stock Exchange plc ("Admission"). It is expected that Admission will take place at or around 8.00 a.m. (London time) on 27 May 2022 but in any event not later than 8.00 a.m. on 30 June 2022. The Subscription is conditional upon, inter alia, Admission becoming effective and the Subscription Agreement not having been ‎terminated.‎ The Subscription Shares will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing issued ordinary shares of 1 penny each ("Ordinary Shares").

Total Voting Rights

Following Admission, the Company's issued share capital will consist of 141,165,207 Ordinary Shares. The Company holds no Ordinary Shares in treasury.

Therefore, the total number of voting rights in BrandShield following Admission will be 141,165,207, which is the figure which should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, BrandShield shares under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

About BrandShield

BrandShield is a provider of cybersecurity solutions from brand protection to online threat hunting. BrandShield detects online threats and takes them down. The Company's client base is a growing list of organisations including Fortune 500 and FTSE100 companies. By utilising AI and big-data analysis, BrandShield monitors, detects, and removes online threats facing companies. These threats include social phishing, executive impersonation, fraud, brand abuse, and counterfeits.

For more information, visit  www.brandshield.com.