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Pin to quick picksCorero Network Regulatory News (CNS)

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Grant of Options

22 Oct 2018 07:00

RNS Number : 6692E
Corero Network Security PLC
22 October 2018
 

22 October 2018

 

Corero Network Security plc

 

("Corero", the "Company" or the "Group")

 

Grant of Options

 

Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 19 October 2018, options were granted over a total of 4,500,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to the Directors of the Company ("Options") as set out below.

Director

Role

Options granted

Relevant Option scheme

Subsequent number of Options held

Ashley Stephenson

Chief Executive Officer

 

2,400,000

Unapproved

7,919,000

Andrew Miller

Chief Financial Officer

1,500,000

Executive EMI / Unapproved

5,915,000

Jens Montanana

Non-executive Chairman

 

400,000

Unapproved

1,819,000

Richard Last

 

Non-executive Director

200,000

Unapproved

830,000

"Unapproved" = Corero Unapproved Share Option Plan

"Executive EMI" = Corero Executive EMI Option Plan

 

The Options carry an exercise price of 10.95 pence per Ordinary Share, which equates to the closing mid-market price of an Ordinary Share on 18 October 2018, and vest in equal proportions on the first, second and third anniversaries of being granted. Any new Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted.

 

In addition to the grant of the above Options to the Directors, Options over a total of 6,351,000 new Ordinary Shares were granted to Group employees. Following the grant of these Options, the Company has granted Options over 35,249,332 new Ordinary Shares, representing 8.8% of the Company's total issued ordinary share capital.

 

Enquiries:

 

Corero Network Security plc

Andrew Miller, CFO

Tel: 01895 876 382

Cenkos Securities plc

Tel: 020 7397 8900

Mark Connelly - NOMAD

Michael Johnson - Sales

Vigo Communications

Tel: 020 7390 0230

Jeremy Garcia / Ben Simons / Antonia Pollock

corero@vigocomms.com

 

About Corero Network Security

 

Corero Network Security is a leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and digital enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ashley Stephenson

2

Reason for the notification

a)

Position/Status:

 

Chief Executive Officer

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Corero Network Security plc

b)

LEI:

2138001EVYT2OI1C4Y98

4.

Details of 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:

Identification code:

Ordinary Shares of 1 pence each

ISIN: GB00B54X0432

b)

Nature of the transaction:

Grant of share options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

2,400,000

d)

Aggregated volume:

Price:

N/A - single transaction

e)

Date of the Transaction:

19 October 2018

f)

Place of the Transaction:

Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Andrew Miller

2

Reason for the notification

a)

Position/Status:

 

Chief Financial Officer

b)

Initial Notification/Amendment:

 

Initial Notification

3

Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor

a)

Name:

Corero Network Security plc

b)

LEI:

2138001EVYT2OI1C4Y98

4.

Details of 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:

Identification code:

Ordinary Shares of 1 pence each

ISIN: GB00B54X0432

b)

Nature of the transaction:

Grant of share options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

1,500,000

d)

Aggregated volume:

Price:

N/A - single transaction

e)

Date of the Transaction:

19 October 2018

f)

Place of the Transaction:

Outside of a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Jens Montanana

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 participation, auction platform, auctioneer or auction monitor

a)

Name:

Corero Network Security plc

b)

LEI:

2138001EVYT2OI1C4Y98

4.

Details of 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:

Identification code:

Ordinary Shares of 1 pence each

ISIN: GB00B54X0432

b)

Nature of the transaction:

Grant of share options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

400,000

d)

Aggregated volume:

Price:

N/A - single transaction

e)

Date of the Transaction:

19 October 2018

f)

Place of the Transaction:

Outside of 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 participation, auction platform, auctioneer or auction monitor

a)

Name:

Corero Network Security plc

b)

LEI:

2138001EVYT2OI1C4Y98

4.

Details of 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:

Identification code:

Ordinary Shares of 1 pence each

ISIN: GB00B54X0432

b)

Nature of the transaction:

Grant of share options

c)

Price(s) and volume(s):

Price(s)

Volume(s)

Nil

200,000

d)

Aggregated volume:

Price:

N/A - single transaction

e)

Date of the Transaction:

19 October 2018

f)

Place of the Transaction:

Outside of a trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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