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25 Sep 2019 07:30
25 September 2019
FALANX GROUP LIMITED
(the "Company")
Grant of share options
Falanx Group Limited (AIM: FLX), the global cyber security and intelligence services provider, announces that Mike Read, CEO, announces that it has today it awarded a total of 28,500,000 options (the "Options") over ordinary shares of nil par value each in the Company ("Ordinary Shares"). A total of 13,000,000 Options have been granted under the Company's existing Enterprise Management Incentive Scheme ("EMI Scheme") and 15,500,000 non-qualifying options have been awarded to certain directors and non-qualifying employees of the Company (the "Non-qualifying Options"). A total of 10,000,000 of the Non-Qualifying Options have been awarded to the following directors:
Director | Number of Options granted | Total number of options over Ordinary Shares | Total number of options as a percentage of the Company's issued share capital
|
Mike Read (CEO) | 5,000,000 | 11,500,000 | 2.87% |
Ian Selby (CFO) | 5,000,000 | 11,500,000 | 2.87% |
The Options have an exercise price of 1.925 pence per Ordinary Share (the "Exercise Price"), being the closing mid-market price on 24 September 2019, and will vest:
·; as to 9,405,000 Options (representing 33% of the total Options) immediately;
·; as to 9,405,000 Options (representing 33% of the total Options), provided that the share price of the Company exceeds 2.89 pence (50% share price growth over the Exercise Price) for a period of one calendar month; and
·; as to the balance of 9,690,000 Options (representing 34% of the total Options), provided that the share price of the Company exceeds 3.85 pence (100% growth over the Exercise Price) for a period of one calendar month.
Once vested the Options are exercisable between 1 April 2020 and 31 March 2030, subject to accelerated vesting and exercise in certain customary scenarios.
Enquiries:
Falanx Group Limited Alex Hambro Chairman Mike Read CEO Ian Selby CFO
| Via IFC |
Stifel Nicolaus Europe Limited, Nomad and Joint Broker Fred Walsh / Alex Price / Neil Shah
| + 44 (0) 207 710 7600 |
Turner Pope International Limited, Joint Broker James Pope / Ben Turner
| +44 (0) 203 621 4120
|
IFC Advisory Ltd Financial PR & IR Graham Herring / Miles Nolan / Zach Cohen | +44 (0) 203 934 663 |
About Falanx
Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. For more information: http://www.falanx.com/
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | Michael David Read |
2
| Reason for the notification | |
a)
| Position/status
| CEO |
b)
| Initial notification /Amendment
| Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Falanx Group Limited |
b)
| LEI | 213800YO4F9CUQLALV19 |
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 nil par value |
b) | Identification code
| VGG3338A1075 |
c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
d)
| Price(s) and volume(s) | Volume(s): 5,000,000 Ordinary Shares Price: 1.925 pence per Ordinary Share |
d)
| Aggregated information - Aggregated volume - Price | N/A
|
e)
| Date of the transactions | 25 September 2019 |
f)
| Place of the transaction | Outside a trading venue |
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Names | Ian Selby |
2
| Reason for the notification | |
a)
| Position/status
| CFO |
b)
| Initial notification /Amendment
| Initial notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Falanx Group Limited |
b)
| LEI | 213800YO4F9CUQLALV19 |
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 nil par value |
b) | Identification code
| VGG3338A1075 |
c)
| Nature of the transaction
| Grant of options over Ordinary Shares |
d)
| Price(s) and volume(s) | Volume(s): 5,000,000 Ordinary Shares Price: 1.925 pence per Ordinary Share |
d)
| Aggregated information - Aggregated volume - Price | N/A
|
e)
| Date of the transactions | 24 September 2019 |
f)
| Place of the transaction | Outside a trading venue |
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