3 Jul 2018 07:00
3 July 2018
ClearStar, Inc.
("ClearStar" or the "Company")
Grant and Reissue of Options
ClearStar (AIM: CLSU), the technology and service provider to the background check industry, announces that, after market close on 2 July 2018 (the "Grant Date"), it cancelled and reissued 1,293,000 options ("Reissued Options") over new ordinary shares of US$0.0001 each in the Company ("Ordinary Shares") to certain employees, including persons discharging managerial responsibilities ("PDMRs") and an Executive Director, of the Company under the ClearStar Share Option Incentive scheme. In addition, on the same date, the Company granted 544,600 options ("New Options") over Ordinary Shares to certain employees, including PDMRs and Executive Directors of the Company, also under the ClearStar Share Option Incentive scheme.
The Reissued Options and New Options will expire on the fifth anniversary of the Grant Date, with an exercise price of 85 US cents per Ordinary Share, representing the closing price of the Company's Ordinary Shares on AIM on 2 July 2018 of 64.5 pence translated into US$ at the prevailing exchange rate (£1:$1.313). The Reissued Options replace the options that were put in place at the time of the Company's IPO and shortly after the IPO. These options were due to expire in 2019 and 2020 respectively and have therefore been reissued to provide long-term incentivisation to a number of key employees.
Following the grant, the Company has a total of 2,314,765 options outstanding over Ordinary Shares, representing options over 6.4% of its total existing issued and outstanding ordinary share capital. There are no shares held in treasury.
The Reissued Options and New Options have been granted to PDMRs and Directors as follows:
PDMR/Director | Number of Reissued Options | Number of New Options | Total number of options held |
Jennifer Balleza | 30,000 | 6,000 | 69,000 |
Kenneth Dawson (Director) | - | 186,000 | 186,000 |
Nicolas Dufour | 105,000 | 21,000 | 186,000 |
Sherrie Franks | 75,000 | 15,000 | 123,000 |
Andrew Hellman | 105,000 | 21,000 | 159,000 |
Traci Ivester | 105,000 | 21,000 | 186,000 |
David Pattillo (Director) | 105,000 | 21,000 | 186,000 |
Todd Shoulberg | 105,000 | 21,000 | 186,000 |
Enquiries
ClearStar, Inc. | |
Robert J. Vale, Chief Executive Officer David Pattillo, Chief Financial Officer | +1 770 416 1900 |
finnCap Ltd. | |
Jonny Franklin-Adams, Simon Hicks - Corporate Finance Andrew Burdis, Abigail Wayne - Corporate Broking | +44 20 7220 0500 |
Luther Pendragon Ltd. | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
About ClearStar
ClearStar, Inc. is a leading and trusted background check technology, medical screening, strategic services, and decision-making information provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kenneth Dawson | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Information Officer and Executive Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Grant of options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
186,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | David Pattillo | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer and Executive Director | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
126,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jennifer Balleza | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
36,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nicolas Dufour | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
126,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Sherrie Franks | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
90,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Andrew Hellman | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
126,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Traci Ivester | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
126,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Todd Shoulberg | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification /Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | ClearStar, Inc. | ||||
b) | LEI | 213800C2DK3HCM3R9T19 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over Ordinary shares of US$0.0001 | ||||
Identification code | KYG2294M1134 | |||||
b) | Nature of the transaction | Cancellation and reissue of options, and grant of new options over Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
126,000 85 US cents | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Off-market transaction | ||||