3 February 2025
Braveheart Investment Group plc
("Braveheart" or the "Company")
Cancellation of Options
Braveheart Investment Group (AIM: BRH), announces the cancellation of options ("Options") over ordinary shares of 2p each in the Company ("Ordinary Shares"), previously issued to two Directors of the Company.
Background
At the annual general meeting of the Company held on 8 September 2020, shareholders approved the implementation of a share option scheme in order to provide a long-term incentive plan for Directors, employees and consultants of the Company.
On 14 October 2021, options were granted over 1,500,000 and 2,000,000 Ordinary Shares to Trevor Brown (Chief Executive Officer) and Vivian Hallam (Executive Director) respectively, at an exercise price of 31.5p per share (the "First Historic Options").
On 9 May 2022, options were granted over 750,000 and 1,000,000 Ordinary Shares to Trevor Brown and Vivian Hallam respectively, at an exercise price of 14p per share (the "Second Historic Options" and together with the First Historic Options, the "Historic Options").
Also on 9 May 2022, 750,000 and 1,000,000 of the First Historic Options granted to Trevor Brown and Vivian Hallam respectively, were cancelled.
Cancellation of remaining Historic Options
On 31 January 2025, the remuneration committee of the Company (the "Remuneration Committee"), Trevor Brown and Vivian Hallam have agreed to the cancellation of a further 2,976,192 Historic Options, as detailed below:
| Name | Number of Historic Options cancelled | Exercise price of Historic Options cancelled | Number of options over ordinary shares held following the cancellation |
| Trevor Brown | 1,500,000 | 750,000: 31.5 pence 750,000: 14 pence | 2,750,000 |
| Vivian Hallam | 1,476,192 | 476,192: 31.5 pence 1,000,000: 14 pence | 2,750,000 |
Following the cancellation of the Historic Options, the Company now has Options outstanding over a total of 7,146,000 Ordinary Shares, representing 11.21% of the current issued share capital of the Company.
Details of the transactions can be found in the Notification of Dealing Forms below.
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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