November 27, 2017

Investor News: Share Incentive Scheme and Grants to Directors

Investor News

27th November 2017

Brave Bison Group plc (AIM: BBSN) announces that the Company has adopted a new long-term share incentive plan, in replacement of the Company’s existing share option scheme.

RSU Plan

The new scheme provides for the grant of restricted stock units (“RSUs”) to participants, which subject to vesting, shall entitle the participant to receive new ordinary shares of 0.1p in the Company (“Shares”) upon exercise of the RSUs on a one-for-one basis. The total pool of RSUs shall be limited to 12.5 per cent. of the Company’s issued ordinary share capital.

RSUs shall usually vest over a 3-year period from date of grant, subject only to the continued employment of the participant, and shall expire following a 10-year period. The RSU exercise price shall be determined, at the discretion of the Board, at the time of grant. The Company intends to grant RSUs to existing option-holders in replacement of their options under the Company’s previous option scheme.

Grant to Directors

RSUs have today been granted by the remuneration committee to certain Directors as follows:

  • Claire Hungate, Chief Executive Officer, has been granted 28,695,461 RSUs. Each RSU may be exercised subject to vesting, at 0.1 pence per Share, and shall vest on a monthly straight-line basis over a 2-year period, starting on 1 August 2017 (being Claire’s commencement date with the Company).
  • Paul Campbell-White, Chief Financial Officer, has been granted 5,739,092 RSUs. Each RSU may be exercised, subject to vesting, at 0.1 pence per Share, and shall vest on a monthly straight-line basis over a 3-year period, starting on 26 October 2017 (being Paul’s commencement date with the Company).

Related Party Transaction

The grants of the RSUs to Claire Hungate and Paul Campbell-White comprise a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies.  The independent directors of Brave Bison (being Sir Robin Miller, Paul Marshall and Marc Cranmer), having consulted with the Company’s Nominated Adviser, Stockdale Securities, consider that the grants of the RSUs are fair and reasonable insofar as the shareholders of the Company are concerned.

Further info

Rebecca Abigail ltd

Sebastian Aristizabal-Oviedo, Director
Telephone: +44 207 849 4513

Allenby Capital Limited – AIM Nominated Adviser and Broker

Jeremy Porter / Asha Chota
Telephone: +44 203 328 565

About Brave Bison

Brave Bison is a social video company, specialising in cross-platform video content, connecting global audiences through social media. Its online communities reach over 135 million followers.

Brave Bison is one of the largest YouTube channel partners, with more than 700 channels offering targeted inventory opportunities, alongside in-house specialists that deliver audience development and optimisation. Brave Bison provides expertise across strategy, research, data driven insights, creative and production.

Brave Bison’s cultural connections and extensive networks have built long-standing client relationships with brands including P&G, Land Rover and Lego. With more than 70 members of staff across London, Singapore, Japan and Korea, the eight-year-old business continues to stay at the forefront of this fast-moving digital age.

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