Grant of RSUs to a Director
18th January 2019
Brave Bison Group plc (AIM: BBSN), the social video company, announces the grant of restricted stock units ("RSUs") pursuant to the Company’s RSU Plan, adopted in November 2017. The RSUs 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 remuneration committee has approved the grant of 5,761,400 RSUs to Claire Hungate, Chief Executive Officer. The RSUs have an exercise price of 0.1 pence per Share, shall vest on a monthly straight-line basis over a three-year period and are subject only to continued employment.
Following this grant, Claire Hungate now has an interest in 34,456,861 RSUs, representing 5.98 per cent. of the Company’s current issued share capital. The total pool of RSUs is limited to 12.5 per cent. of the Company's issued ordinary share capital under the RSU Plan.
Following today’s grant, a total of 68,618,650 RSUs have been issued, representing 11.9 per cent. of the Company’s issued share capital.
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For further information, contact:
Brave Bison Group
Claire Hungate, Chief Executive Officer
Tel: 020 7183 4545
Allenby Capital Limited
Virginia Bull / Jeremy Porter
Tel: 020 3328 5656
Elisabeth Cowell / Fiona Norman
Tel: 020 3757 6880
About Brave Bison
Brave Bison is a social video company, proudly working with some of the biggest brands and most followed YouTube and Facebook talent in the world. Clients include P&G, Shell, PUMA and Hyundai.
Brave Bison makes it simple for content owners, creators, brands, publishers and platforms to unlock the value of online video, whether on a licensed, ad-funded, direct to consumer or paid placement basis.
The business is based in two regions - Europe, with headquarters in London; and APAC, with offices in Singapore.