2 May 2018 17:45
2 May 2018
Nasstar plc
("Nasstar", "Company" or "Group")
Director Dealing
Nasstar, a provider of hosted managed and cloud computing services, announces that the following Directors and PDMRs of the Company have been granted options over ordinary shares of 1p each in the capital of the Company ("Options" and "Ordinary Shares") pursuant to the Company's EMI approved share option scheme:
Name | Position | new Options granted | Exercise price (p) | Total Options held |
Nigel Redwood | Chief Executive Officer | 4,000,000 | 11.50 | 6,500,000 (5.00p) 3,000,000 (8.38p) 4,000,000 (11.50p) |
Niki Redwood | Chief Financial Officer | 4,000,000 | 11.50 | 6,500,000 (5.0p) 3,000,000 (8.38p) 4,000,000 (11.50p) |
David McCarthy | Managing Director (PDMR) | 1,500,000 | 11.50 | 300,000 (8.38p) 300,000 (8.88p) 1,500,000 (11.50p) |
Steve Brown | Technical Director (PDMR) | 1,500,000 | 11.50 | 2,000,000 (5.00p) 300,000 (8.38p) 1,500,000 (11.50p) |
The new Options granted are exercisable in tranches of one third each, subject to the share price of Nasstar achieving levels of no less than 12.5 pence per Ordinary Share, 15 pence per Ordinary Share and 20 pence per Ordinary Share, in each case for a continuous three month period. The new options are exercisable from the date of grant until 01 May 2028.
The shareholdings of the above persons remain unchanged.
The total number of outstanding options over ordinary shares now stands at 45,117,960 which compares to 43,441,770 as at 31 December 2016.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Stephen Norcross (Corporate broking)
IFC Advisory (Financial PR) +44 (0) 20 3934 6630
Tim Metcalfe
Graham Herring
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.
Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.
Ends
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Nigel Redwood |
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 | Nasstar Plc |
b) | LEI | 213800464LOG9B2Q8J17 |
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 Identification code | Options over Ordinary Shares of 1p each in the capital of the Company GB00B0T1S097 |
b) | Nature of the transaction | Grant of Options |
c) | Price(s) and volume(s) | 4,000,000 Options over Ordinary Shares granted |
d) | Aggregated information - Aggregated volume - Price | n/a n/a n/a |
e | Date of the transaction | 1 May 2018 |
f) | Place of the transaction | Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Niki Redwood |
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 | Nasstar Plc |
b) | LEI | 213800464LOG9B2Q8J17 |
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 Identification code | Options over Ordinary Shares of 1p each in the capital of the Company GB00B0T1S097 |
b) | Nature of the transaction | Grant of Options |
c) | Price(s) and volume(s) | 4,000,000 Options over Ordinary Shares granted |
d) | Aggregated information - Aggregated volume - Price | n/a n/a n/a |
e | Date of the transaction | 1 May 2018 |
f) | Place of the transaction | Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | David McCarthy |
2 | Reason for the notification | |
a) | Position/status | Managing Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Nasstar Plc |
b) | LEI | 213800464LOG9B2Q8J17 |
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 Identification code | Options over Ordinary Shares of 1p each in the capital of the Company GB00B0T1S097 |
b) | Nature of the transaction | Grant of Options |
c) | Price(s) and volume(s) | 1,500,000 Options over Ordinary Shares granted |
d) | Aggregated information - Aggregated volume - Price | n/a n/a n/a |
e | Date of the transaction | 1 May 2018 |
f) | Place of the transaction | Outside of a trading venue |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Steve Brown |
2 | Reason for the notification | |
a) | Position/status | Technical Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Nasstar Plc |
b) | LEI | 213800464LOG9B2Q8J17 |
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 Identification code | Options over Ordinary Shares of 1p each in the capital of the Company GB00B0T1S097 |
b) | Nature of the transaction | Grant of Options |
c) | Price(s) and volume(s) | 1,500,000 Options over Ordinary Shares granted |
d) | Aggregated information - Aggregated volume - Price | n/a n/a n/a |
e | Date of the transaction | 1 May 2018 |
f) | Place of the transaction | Outside of a trading venue |