Last checked at 5 Oct 2018 07:00
Osirium Technologies plc
("Osirium" or "Group")
Grant of options and PDMR dealings
TVR
Osirium, a leading vendor of cloud-based cybersecurity software, announces that the Group has granted share options of up to 38,978 ordinary shares of 1 pence each (the "Options") in the capital of the Company ("Ordinary Shares") pursuant to the Osirium Technologies plc Enterprise Management Incentive Share Option Plan 2016 to Rupert Hutton, Chief Financial Officer of the Group.
The Options were granted at an exercise price of 187.2 pence per Ordinary Share, as determined by the Board in accordance with the Rules of the Share Option Scheme. The Options are exercisable on the achievement of certain revenue targets and, once vested, must be exercised within 10 years of the date of grant.
The grant of 38,978 Options equates to approximately 0.3% of the Group's issued share capital. In total 1,810,852 Options are now under grant but not exercised. Since IPO options equating to 1.53% of the existing share capital have been issued which, when taken with the options that were already in existence pre-IPO, means that a total of 13.41% of the group's current issued share capital is under option. Rupert Hutton holds 77,956 Options in aggregate, representing a total of approximately 0.6% of the Group's current issued share capital.
Total voting rights
Osirium also announces that the issued share capital of the Company consists of 13,554,221 ordinary shares of 1p (the "Ordinary Shares") each with voting rights. The Company does not hold any ordinary shares in Treasury.
The total number of voting rights in the Company at the date of this notice is therefore 13,554,221.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Osirium Technologies plc under the FCA's Disclosure and Transparency Rules.
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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Stifel Nicolaus Europe Limited | Tel: +44 (0) 20 7710 7600 |
(Nominated Adviser and Broker) |
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Fred Walsh Neil Shah Alex Price
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Yellow Jersey PR |
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(Financial PR) |
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Sarah Hollins Abena Affum | Tel: +44 (0)7764 947 137 Tel: +44 (0)7555 159 808 |
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 | Rupert George Hutton |
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
| Osirium Technologies plc |
b)
| LEI | 213800CTPGYQ4POIC338 |
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 |
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
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d)
| Price(s) and volume(s) | Execution price: 182.7 GBp per shares Number of shares under option: 38,978 Ordinary Shares
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d)
| Aggregated information - Aggregated volume - Price | n/a
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e)
| Date of the transaction | 4 October 2018 |
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