Last checked at 13 Sep 2016 08:55
Osirium Technologies plc
("Osirium", "the Company" or "the Group")
Grant of Options and PDMR Dealings
The Board of Osirium, a UK based cyber-security software provider, announces that, on 12 September 2016, the Company granted options ("Options") over a total of 584,673 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016 ("Share Option Scheme"). This included the grant of Options to Directors and certain other Persons Discharging Managerial Responsibilities ("PDMRs") on behalf of the Company as follows:
Director | Role | Number of Options granted over Ordinary Shares | Total number of Options granted over Ordinary Shares |
David Guyatt | Chief Executive Officer | 51,971 | 638,387 |
Rupert Hutton | Chief Financial Officer | 38,978 | 38,978 |
Steve Purdham | Non-Executive Director | 25,985 | 25,985 |
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|
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PDMR | Role | Number of Options granted over Ordinary Shares | Total number of Options granted over Ordinary Shares |
Catherine Jamieson | Chief Operating Officer | 103,943
| 103,943
|
Andrew Harris | Chief Marketing Officer and Head of Engineering | 103,943
| 103,943
|
Kevin Pearce | Chief Technical Officer | 25,985 | 235,139 |
The balance of the Options (in respect of 233,868 Ordinary Shares) have been granted to certain of the Company's other employees.
All Options are conditional on the Group's consolidated revenue for the financial year ending 31 December 2019 being no less than £12,000,000. 51,970 of these Options, which have been granted to members of the Company's sales team, will also only vest subject to achievement of additional individual and team performance-related criteria to be set year on year for each of the financial years ending 31 December 2017, 31 December 2018 and 31 December 2019.
In each case, the Options are exercisable at 190 pence per Ordinary Share, as determined by the Board in accordance with the Rules of the Share Option Scheme, representing a 21.8 per cent. premium to the placing price of the Company's ordinary share capital at admission to AIM and no less than the average closing mid-price per Ordinary Share for the three days immediately preceding the date of Option grant.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
Notification 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)
| Names | David Guyatt - Chief Executive Officer Rupert Hutton - Chief Financial Officer Steve Purdham - Non-Executive Director Catherine Jamieson - Chief Operating Officer Andrew Harris - Chief Marketing Officer and Head of Engineering Kevin Pearce - Chief Technical Officer
|
2
| Reason for the notification | |
a)
| Position/status
| See 1(a) above for positions - all classified as PDMRs of Osirium |
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Osirium Technologies plc |
b)
| LEI |
|
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
| In each case, the grant of Options on 12 September 2016 over Ordinary Shares |
b) | Identification code
| GB00BZ58DH10 |
c)
| Nature of the transaction
| Grant of Options over Ordinary Shares pursuant to the Osirium Technologies plc Enterprise Management Incentive (EMI) Share Option Plan 2016
|
d)
| Price(s) and volume(s) | Price - n/a Volume(s) David Guyatt - 51,971 Options Rupert Hutton - 38,978 Options Steve Purdham - 25,985 Options Catherine Jamieson - 103,943 Options Andrew Harris - 103,943 Options Kevin Harris - 25,985 Options
|
d)
| Aggregated information - Aggregated volume - Price | N/a
|
e)
| Date of the transaction | 12 September 2016 |
f)
| Place of the transaction | Outside a trading venue |
Name of authorised official of issuer responsible for making notification.
Martin Kay
Company Secretary to Osirium Technologies plc
For further information:
Osirium Technologies plc | Tel: 44 (0) 118 324 2444 |
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
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Panmure Gordon (UK) Limited (Nominated Adviser and Broker) | Tel: +44 (0) 20 7886 2500 |
Fred Walsh / Peter Steel / James Greenwood/ William Wickham - Corporate Finance Charles Leigh-Pemberton - Corporate Broking
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Hollins Communications (Financial PR) Sarah Hollins | Tel: +44 (0) 7764 947137 |