Last checked at 13 Dec 2019 09:53
13 December 2019
Corero Network Security plc
("Corero," the "Company" or the 'Group')
Director/PDMR Shareholding
Further to the announcements made on 25 November 2019, the Result of General Meeting announcement released on 12 December 2019 and Admission of the New Ordinary Shares to AIM becoming effective this morning, the Company makes the following disclosures in respect of the participation in the Subscription by certain of the Directors of the Company.
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
Director | Number of Ordinary Shares held on 22 November 2019
| Number of New Ordinary Shares subscribed for in the Subscription | Resulting number of Ordinary Shares held immediately following Admission | Resulting holding as a percentage of the Enlarged Share Capital |
Jens Montanana | 154,382,609 | 32,917,797 (1) | 187,300,406 (2) | 37.85% |
Richard Last | 2,000,000 | 500,000 | 2,500,000 | 0.51% |
(1) 10,000,000 New Ordinary Shares subscribed for by Jens Montanana in his personal capacity and 22,917,797 New Ordinary Shares were subscribed for by The New Millennium Technology Trust of which Jens Montanana is a beneficiary.
(2) 33,674,846 Ordinary Shares are held in the name of JPM International Limited, which is wholly owned by Jens Montanana, 125,871,751 Ordinary Shares are held in the name of The New Millennium Technology Trust of which Jens Montanana is a beneficiary and 27,753,809 are held on his own account.
Defined terms used in this announcement not otherwise defined shall have the same meanings as those terms defined and used in the Circular dated 25 November 2019.
Enquiries:
Corero Network Security plc | |
Andrew Miller, CFO | Tel: 01895 876 382 |
Cenkos Securities plc | Tel: 020 7397 8900 |
Ben Jeynes/Mark Connelly - NOMAD Michael Johnson - Sales | |
Vigo Communications | Tel: 020 7390 0230 |
Jeremy Garcia / Ben Simons / Antonia Pollock corero@vigocomms.com |
NOTIFICATIONS 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
| 1. Jens Montanana 2. The New Millennium Technology Trust | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| 1. Chairman 2. Person closely associated with Jens Montanana | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Corero Network Security plc | |||
b)
| LEI
| 2138001EVYT2OI1C4Y98 | |||
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 | Ordinary shares of 1 pence each | |||
Identification code | GB00B54X0432 | ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
1. 3.50p 2. 3.50p | 1. 10,000,000 2. 22,917,797 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 13 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Richard Last | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-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
| Corero Network Security plc | |||
b)
| LEI
| 2138001EVYT2OI1C4Y98 | |||
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 | Ordinary shares of 1 pence each | |||
Identification code | GB00B54X0432 | ||||
b)
| Nature of the transaction
| Subscription for new ordinary shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
3.50p | 500,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 13 December 2019 | |||
f)
| Place of the transaction
| Outside a trading venue | |||