Big Sofa Technologies : Grant of Share Options

RNS Number : 1633P

Big Sofa Technologies Group PLC 05 February 2019

5 February 2019

Big Sofa Technologies Group plc

("Big Sofa" or the "Company")

Grant of Share Options

Big Sofa (AIM:BST), an interna#onal video analy#cs provider to the consumer insight industry, has granted op#ons over ordinary shares of 3 pence each in the Company ("Op#ons") to certain directors and employees, as outlined below.

New Option grants

The following new Options have been granted to certain executive directors:

Director	Position	Number of Options granted	Exercise price*
Kirsty Fuller	Executive Director	7,500,000	3.5 pence
Matthew Lynch	Executive Director	3,500,000	3.5 pence
Joe MacCarthy	Executive Director	2,500,000	3.5 pence

*Mid-market closing share price on 4 February 2019

Ves#ng condi#ons: all of the above Op#ons vest on 19 December 2019, save for those granted to Kirsty Fuller which vest in three equal annual tranches on 19 December 2019, 19 December 2020 and 19 December 2021, and require that the recipients remain in employment with the Company at the date of exercise. All of the above Op#ons may only be exercised if the volume weighted average share price on a 28-day rolling basis prior to the date of exercise is at least 6 pence per share.

The execu#ve directors have, since 1 October 2018, agreed to defer 20 per cent of their gross salaries to preserve working capital.

Re-issued Options

The following directors have had existing Options cancelled and the following Options reissued:

Director	Position	Number of Options granted	Exercise price*
Matthew Lynch	Executive Director	451,485	3.5 pence
Joe MacCarthy	Executive Director	1,920,448	3.5 pence
Nicholas Mustoe	Non-executive Director	1,276,944	3.5 pence
Steven Metcalfe	Non-executive Director	1,064,120	3.5 pence
Simon Lidington	Non-executive Director	554,426	3.5 pence

*Mid-market closing share price on 4 February 2019

Ves#ng condi#ons: all of the above Op#ons vest on 19 December 2019. All of the above Op#ons may only be exercised if the volume weighted average share price on a 28-day rolling basis prior to the date of exercise is at least 6 pence per share.

Employee Options

In addi#on to the directors' Op#ons described above, an aggregate 4,097,661 new and cancelled-and-reissued Op#ons have been granted to employees of the Company on the same terms as the re-issued Op#ons described above which, together with the Op#ons described above, and 1,377,608 Op#ons granted at admission of the Company's shares to AIM which have not been cancelled-and-reissued, would, if fully exercised, result in the issue of an addi#onal 24,242,692 ordinary shares of 3 pence each in the Company, represen#ng 17.5 per cent of the current issued share capital of 138,750,692 as at the date of this announcement. This percentage is consistent with the Company limit described in the Company's AIM Admission Document dated 30 November 2016.

John Haworth, an independent director for the purposes of the grant of Op#ons, considers, having consulted with Arden Partners Plc, the Company's nominated adviser, that the terms of the Op#ons are fair and reasonable insofar as shareholders are concerned.

Enquiries:

Big Sofa Technologies Group plc

via Vigo Communications

Kirsty Fuller, CEO Joe MacCarthy, CFO

Arden Partners plc (Nominated Adviser and Joint Broker) Paul Shackleton / Ben Cryer

[phone]

Novum Securities (Joint Broker) Colin Rowbury

[phone]

Vigo Communications (Financial Public Relations) Ben Simons / Jeremy Garcia / Antonia Pollock

[phone]

About Big Sofa Technologies Group plc

Big Sofa is a B2B technology business providing the marke#ng and consumer insight industries with video observa#on and analytics services, as video emerges as a key platform in a massive US$40 billion consumer research market.

Our soEware plaForm collates, analyses and organises large volumes of raw/unstructured video enabling our clients, which include leading market research organisa#ons and major household brands, to perform detailed and sophisticated consumer insight analysis; and make genuine use of video content.

Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.

To find out more, visitwww.bigsofatech.com

Follow us on twitter at @bigsofatech

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