Grant of LTIP Awards and Share Options

Bigblu Broadband plc

("BBB" or the "Company")

Bigblu Broadband plc

("BBB" or the "Company")

Grant of LTIP Awards and Share Options

Bigblu Broadband plc (AIM: BBB), a leading provider of alternative fast broadband services, announces that on 30 May 2018, the Company granted nominal-cost options over a total of 1,891,561 ordinary shares under the Company's 2018 Long Term Incentive Plan ("LTIP") to Executive Directors, senior management and certain employees (representing 3.4% of the Company's current issued share capital).

LTIP awards

LTIP awards have made to the following Executive Directors and members of the senior management team and are subject to vesting criteria over a three-year period based on total shareholder return ("TSR") targets:

These awards will be based on a range of challenging absolute TSR targets and relative TSR targets based on a broad comparator group of companies in the AIM All Share index, over a three-year period.

Grant of options

In addition, the Board has approved the grant of 413,333 share options to employees both in the UK and overseas under the Company's 2015 Unapproved Option Scheme.  The options will vest 24 months from the date of grant (being 30 May 2018) and are subject to performance conditions including EBITDA and cash flow targets.

Contacts:

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them