Press Release 22 March 2017
BrainJuicer Group PLC
("BrainJuicer" and the "Company")
Grant of Options
The Company announces that it has today granted a total of 1,124,268 stock options and conditional shares to certain executive directors and PDMRs (the "LTIP Awards"), as set out below, in accordance with the terms of the LTIP plan (the "2017 LTIP") approved by shareholders at the General Meeting of the Company held on 22 March 2017.
Terms of the LTIP Awards are set out below, full details of the 2017 LTIP can be found in the 2017 Notice of AGM on the Company's website at www.brainjuicer.com.
The share options are nil cost and will vest on 12 August 2021, subject to the following criteria:
(a) Vesting is dependent on achievement of stretching performance conditions. Maximum vesting requires gross profit in the Company's financial year ending 31 March 2021 of 2.85 times that in the year ending 31 March 2017 (30% p.a. compound growth)
(b) In addition, there are profit after tax and share price underpins (the profit after tax underpin being 20% p.a. compound growth at the maximum level)
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1. |
Details of PDMR / person closely associated with them ("PCA") |
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|
a) |
Name |
James Geddes |
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|
2. |
Reason for the notification |
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|
a) |
Position / status |
Chief Financial Officer
|
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b) |
Initial notification / amendment |
Initial notification |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name |
BrainJuicer Group PLC |
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|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
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|
a) |
Description of the financial instrument |
Options over ordinary shares |
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|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Alex Batchelor |
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|
2. |
Reason for the notification |
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|
a) |
Position / status |
Chief Operating Officer
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Options over ordinary shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
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|
1. |
Details of PDMR / person closely associated with them ("PCA") |
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|
a) |
Name |
Alex Hunt |
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2. |
Reason for the notification |
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|
a) |
Position / status |
Executive Director
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Conditional shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
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|
a) |
Name |
Orlando Wood |
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2. |
Reason for the notification |
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a) |
Position / status |
PDMR
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Options over ordinary shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Horace McDonald |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position / status |
PDMR
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Options over ordinary shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Rod Connors |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position / status |
PDMR
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Options over ordinary shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
1. |
Details of PDMR / person closely associated with them ("PCA") |
|||||
|
a) |
Name |
Mark Johnson |
||||
|
2. |
Reason for the notification |
|||||
|
a) |
Position / status |
PDMR
|
||||
|
b) |
Initial notification / amendment |
Initial notification |
||||
|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name |
BrainJuicer Group PLC |
||||
|
b) |
Legal Entity Identifier |
n/a |
||||
|
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 |
Options over ordinary shares |
||||
|
b) |
Nature of the transaction |
Granting of LTIP Awards |
||||
|
c) |
Price(s) and volume(s) |
|
||||
|
d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
N/A - single transaction |
||||
|
e) |
Date of the transaction |
22 March 2017 (UK) |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
- Ends -
For further information, please contact:
BrainJuicer Group PLC
John Kearon, Chief Executive Officer Tel: +44 (0)20 7043 1000
James Geddes, Chief Financial Officer www.brainjuicer.com
Canaccord Genuity Limited
Simon Bridges / Emma Gabriel Tel: +44 (0)20 7523 8000
www.canaccordgenuity.com