Last checked at 27 Jan 2021 07:00
27 January 2021
Corero Network Security plc
("Corero" or the "Company")
Grant of share options
Corero Network Security plc (AIM: CNS), a leading provider of real-time, high-performance, automatic Distributed Denial of Service (DDoS) cyber defense solutions, announces options were granted on 26 January 2021 over a total of 3,545,000 new ordinary shares of 1p each in the Company to Group employees and to the Directors of the Company (the "Options") under existing share option schemes in the amounts set out below.
The Options carry an exercise price of 13.00 pence per ordinary share, which equates to the closing mid-market price of an Ordinary Share on 25 January 2021, and vest in equal proportions on the first, second and third anniversaries of the date of grant. The Options are exercisable from vesting until the tenth anniversary of grant. 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.
Director | Number of Options |
Jens Montanana | 350,000 |
Lionel Chmilewsky | 500,000 |
Ashley Stephenson | 350,000 |
Richard Last | 350,000 |
Peter George | 350,000 |
In addition to the grant of the above Options to the Directors, and the grant of 1,325,000 of the Options to other Corero persons discharging managerial responsibilities ("PDMRs") as set out below, 320,000 of the Options were granted to other Group employees.
Following the grant of Options, the Company has now granted a total of Options over 51,731,439 new Ordinary Shares, representing 10.5% of the Company's current issued ordinary share capital.
Enquiries:
Corero Network Security plc | |
Lionel Chmilewsky, Chief Executive Officer Neil Pritchard, Group Finance Director |
Tel: +44(0)1895 876 382 |
Cenkos Securities plc | Tel: +44(0)20 7397 8900 |
Ben Jeynes - Corporate Finance Alex Pollen - Sales | |
Vigo Communications | Tel: +44(0)20 7390 0230 |
Jeremy Garcia / Antonia Pollock corero@vigocomms.com |
About Corero Network Security
Corero Network Security plc, is a global leader in real-time, high-performance, automatic DDoS cyber defense solutions. Both Service and Hosting providers, alongside digital enterprises across the globe rely on Corero's award winning cybersecurity technology to eliminate the threat of Distributed Denial of Service (DDoS) to their digital environment through automatic attack detection and mitigation, coupled with network visibility, analytics and reporting. Corero's industry leading SmartWall and SecureWatch technology provides scalable protection capabilities against external DDoS attackers and internal DDoS botnets in the most complex edge and subscriber environments, while enabling a more cost-effective economic model than previously available. Corero's key operational centers located in Marlborough, Massachusetts, USA and Edinburgh, UK, with the Company's headquarters in Amersham, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS. For more information, visit www.corero.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 | Jens Montanana | |||
2 | Reason for the notification | ||||
a) | Position/status | Non-Executive Chairman | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Peter George | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Lionel Chmilewsky | |||
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 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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 500,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Ashley Stephenson | |||
2 | Reason for the notification | ||||
a) | Position/status | Chief Technology Officer | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Neil Pritchard | |||
2 | Reason for the notification | ||||
a) | Position/status | Group Financial 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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 150,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Duncan Swallow | |||
2 | Reason for the notification | ||||
a) | Position/status | Company Secretary | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 75,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Michael Connolly | |||
2 | Reason for the notification | ||||
a) | Position/status | Vice President, Global Sales | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Joao Melo | |||
2 | Reason for the notification | ||||
a) | Position/status | VP of Operations & Security Services | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 400,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a) | Name | Julian Palmer | |||
2 | Reason for the notification | ||||
a) | Position/status | Executive Vice-President of Engineering | |||
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 | Grant of share options | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
Nil | 350,000 | ||||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e) | Date of the transaction | 26 January 2021 | |||
f) | Place of the transaction | Outside a trading venue | |||