Brandshield Systems PLC Grant of Options (8345M)
26 May 2022 - 4:01PM
UK Regulatory
TIDMBRSD
RNS Number : 8345M
Brandshield Systems PLC
26 May 2022
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 AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
26 May 2022
BrandShield Systems Plc
("BrandShield" or the "Company")
Grant of Options
BrandShield Systems plc (AIM: BRSD), a leading provider of
cybersecurity solutions from brand protection to online threat
hunting, announces that, on 25 May 2022, it issued options over a
total of 4,433,552 ordinary shares of 1p each ("Options") to
Directors and Persons Discharging Managerial Responsibilities
("PDMRs"), all at an exercise price of GBP0.08.
BrandShield's Remuneration Committee has recommended the
issuance of these Director Options following the announcement of a
placing of GBP1m by the Company as notified on 24 May 2022. Since
BrandShield was admitted to trading on AIM in December 2020 the
senior executive management has delivered significant growth both
in terms of customer numbers and Annual Recurring Revenue ("ARR").
Customer numbers have grown from around 70 to over 140 and ARR has
increased from $2.87m to around $6m at the time of this
announcement. The Remuneration Committee feels strongly that those
responsible for such material improvements must remain suitably
incentivised to continue delivering growth for the interest of all
shareholders.
The 4,433,552 Options will vest equally in monthly instalments
over a period between 2 and 4 years.
Details of the Options are outlined below:
Option No. of Options Exercise Vesting Vesting Conditions
Holder Price Commencement
Date
2 years vesting
in monthly instalments
plus acceleration
in the event of
the change of control
Yoav Keren 1,897,313 GBP0.08 25 May 2022 of the Company
---------------------------------- --------- -------------- ------------------------
2 years vesting
in monthly instalments
plus acceleration
in the event of
the change of control
Yuval Zantkeren 1,897,313 GBP0.08 25 May 2022 of the Company
---------------------------------- --------- -------------- ------------------------
2 years vesting
in monthly instalments
plus acceleration
in the event of
the change of control
Itai Galmor 434,452 GBP0.08 25 May 2022 of the Company
---------------------------------- --------- -------------- ------------------------
4 years vesting
in monthly instalments
plus acceleration
in the event of
the change of control
Ravit Freedman 59,000 GBP0.08 25 May 2022 of the Company
---------------------------------- --------- -------------- ------------------------
A further 145,474 Options have been granted to non-PDMRs on the
same terms as those granted to Ravit Freedman.
Enquiries:
BrandShield Systems plc +44 (0)20 3143
Yoav Keren, CEO 8300
Spark Advisory Partners Limited (Nominated
Adviser) +44 (0)20 3368
Neil Baldwin / Andrew Emmott / James Keeshan 3554
Shore Capital (Joint Broker)
Toby Gibbs / James Thomas / Liam Zabludowicz
(Corporate Advisory) +44 (0)20 7408
Henry Willcocks (Corporate Broking) 4090
Tennyson Securities (Joint Broker) +44 (0)20 3368
Peter Krens 3554
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Kendall Hill +44 (0)20 7390
brandshield@vigoconsulting.com 0237
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 .
1 Details of t he p erson disc harging managerial responsib
ilities / p erson closely associated
a) Name Yoav Keren
------------------------------ ---------------------------------------
2 Reason for notification
-----------------------------------------------------------------------
a) Position / status Director
------------------------------ ---------------------------------------
b) I nitial notification Initial
/Amendment
------------------------------ ---------------------------------------
3 Details of t he issu er, e mission allow a n ce m a r
k et participan t, au ct ion plat for m, au ction eer or
auc tion monitor
-----------------------------------------------------------------------
a) Name BrandShield Systems Plc
------------------------------ ---------------------------------------
b) LEI 213800K5AXTQDWB6BP80
------------------------------ ---------------------------------------
4 Details of t he t ransact ion (s): section to be re p
eated for ( i) e a ch type of instr u m e n t; (ii) each
type of transac tion; (iii) each date; and ( iv) each place
w h ere transactions have b een condu cted
-----------------------------------------------------------------------
a) Description of the Ordinary shares of 1p (GBP0.01) each
financial instrument, in the capital of BrandShield Systems
t ype of instrument Plc
I d e ntification ISIN GB00BM97CN29
code
------------------------------ ---------------------------------------
Nature of the transaction Grant of options
------------------------------ ---------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.08 1,897,313
----------
------------------------------ ---------------------------------------
d) Aggregated information
* Aggregated volume 1,897,313
GBP0.08
* Aggregated price
------------------------------ ---------------------------------------
e) Date of the transaction 25 May 2021
------------------------------ ---------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ---------------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Yuval Zantkeren
------------------------------ ----------------------------------------
Reason for notification
2
------------------------------------------------------------------------
a) Position / status Director
------------------------------ ----------------------------------------
b) I nitial notification Initial
/Amendment
------------------------------ ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
------------------------------------------------------------------------
a) Name BrandShield Systems Plc
------------------------------ ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
------------------------------ ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type of instr u m e n t; (ii) each type of
transac tion; (iii) each date; and ( iv) each place w h ere
transactions have b een condu cted
------------------------------------------------------------------------
a) Description of the Ordinary shares of 1p (GBP0.01) each in
financial instrument, the capital of BrandShield Systems Plc
t ype of instrument ISIN GB00BM97CN29
I d e ntification
code
------------------------------ ----------------------------------------
Nature of the transaction Grant of options
------------------------------ ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.08 1,897,313
----------
------------------------------ ----------------------------------------
d) Aggregated information
* Aggregated volume 1,897,313
GBP0.08
* Aggregated price
------------------------------ ----------------------------------------
e) Date of the transaction 25 May 2021
------------------------------ ----------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------ ----------------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Itai Galmor
-------------------------- ----------------------------------------
Reason for notification
2
--------------------------------------------------------------------
a) Position / status PDMR
-------------------------- ----------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
--------------------------------------------------------------------
a) Name BrandShield Systems Plc
-------------------------- ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
-------------------------- ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type of instr u m e n t; (ii) each type of
transac tion; (iii) each date; and ( iv) each place w h ere
transactions have b een condu cted
--------------------------------------------------------------------
a) Description of the Ordinary shares of 1p (GBP0.01) each in
financial instrument, the capital of BrandShield Systems Plc
t ype of instrument ISIN GB00BM97CN29
I d e ntification
code
-------------------------- ----------------------------------------
Nature of the transaction Grant of options
-------------------------- ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.08 434,452
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 434,452
- Aggregated price GBP0.08
-------------------------- ----------------------------------------
e) Date of the transaction 25 May 2021
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
Details of t he p erson disc harging managerial responsib
1 ilities / p erson closely associated
a) Name Ravit Freedman
-------------------------- ----------------------------------------
Reason for notification
2
--------------------------------------------------------------------
a) Position / status Director
-------------------------- ----------------------------------------
b) I nitial notification Initial
/Amendment
-------------------------- ----------------------------------------
Details of t he issu er, e mission allow a n ce m a r k
3 et participan t, au ct ion plat for m, au ction eer or auc
tion monitor
--------------------------------------------------------------------
a) Name BrandShield Systems Plc
-------------------------- ----------------------------------------
b) LEI 213800K5AXTQDWB6BP80
-------------------------- ----------------------------------------
Details of t he t ransact ion (s): section to be re p eated
4 for ( i) e a ch type of instr u m e n t; (ii) each type of
transac tion; (iii) each date; and ( iv) each place w h ere
transactions have b een condu cted
--------------------------------------------------------------------
a) Description of the Ordinary shares of 1p (GBP0.01) each in
financial instrument, the capital of BrandShield Systems Plc
t ype of instrument ISIN GB00BM97CN29
I d e ntification
code
-------------------------- ----------------------------------------
Nature of the transaction Grant of options
-------------------------- ----------------------------------------
Price(s) and volumes(s) Price(s) Volume(s)
GBP0.08 59,000
----------
-------------------------- ----------------------------------------
d) Aggregated information
- Aggregated volume 59,000
- Aggregated price GBP0.08
-------------------------- ----------------------------------------
e) Date of the transaction 25 May 2021
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
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