Last checked at 23 Jul 2020 10:49
KRM22 plc
("KRM22", the "Group" or the "Company")
Issue of Options
KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces the issue of a total of 393,737 options ("Options") to subscribe for new ordinary shares of 10p each in the Company ("Ordinary Shares") to employees of the Group and Kim Suter, CFO of the Company under the Company's Employee Share Option Plan.
Of the total of 393,737 Options issued, Kim Suter has been issued 21,875 Options on the same terms as all other employees. Following this issue, Kim Suter will have 211,875 Options over Ordinary Shares representing 0.79% of the current issued share capital of the Company.
The Options are exercisable at 30 pence, will vest over a 30 day period and will expire on 22 July 2030. The Options are not subject to any vesting conditions as the options were awarded for salary sacrifices undertaken by all employees as part of the Company's cost reduction actions.
Following this announcement, there is a total of 2,052,208 Options over Ordinary Shares representing 7.68% of the current issued share capital of the Company.
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne / Matthew Radley
Alice Lane / Sunila de Silva (ECM)
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at KRM22.com.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kim Suter | ||||
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 participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | KRM22 Plc | ||||
b) | LEI | 213800IBCSBLSLJ9OD78 | ||||
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 10 pence each | ||||
Identification code | GB00BFM6WC61 | |||||
b) | Nature of the transaction | Issue of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
See 4c) above | ||||
e) | Date of the transaction | 22 July 2020 | ||||
f) | Place of the transaction | Outside a trading venue | ||||