Last checked at 19 Jul 2016 11:58
19 July 2016
Starcom Plc
("Starcom" or "the Company")
Director/PDMR transaction
Wireless remote tracking and monitoring products company Starcom Plc (AIM: STAR) is pleased to announce that, further to the approval of the Starcom PLC Share Option Scheme by the Company's shareholders at the recent Annual General Meeting and as envisaged in the Chairman's statement in the 2015 Report and Accounts, options have been granted over a total of 4,400,000 Ordinary Shares (representing 3.2 per cent. of the Company's issued share capital) as follows:-
Avi Hartmann | 800,000 |
Avi Engel | 1,000,000 |
Michael Rosenberg | 1,000,000 |
Uri Hartman | 800,000 |
Doron Kedem | 800,000 |
The options are exercisable at 5p per share (compared to (i) yesterday's mid market closing price of 2.5p and (ii) 1.625p at the time of the proposed grant of options). The options vest 3 years after grant, except in the case of Michael Rosenberg and Avi Engel where the vesting period is 2 years. Any unexercised options expire at the end of 10 years from grant.
-ends-
For further information, please contact:
Starcom Plc | |
Michael Rosenberg, Chairman | 07785 727 595 |
Avi Hartmann, CEO | +972 5430 70103 +972 3619 9901
|
Northland Capital Partners Limited | 020 3861 6625 |
Nominated Adviser and Broker Edward Hutton / David Hignell (Corporate Finance)
John Howes / Abigail Wayne (Sales and Broking)
| |
Peterhouse Corporate Finance Limited Joint Broker | 020 7469 0930 |
Lucy Williams / Charles Goodfellow / Eran Zucker
| |
Leander PR Financial PR | |
Christian Taylor-Wilkinson | 020 7520 9267 07795 168 157 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
1 | Details of the persons discharging managerial responsibilities I person closely associated | |||||||||||||
a) | Name | 1. Avi Hartmann 2. Avi Engel 3. Michael Rosenberg 4. Uri Hartman 5. Doron Kedem | ||||||||||||
2 | Reason for the notification | |||||||||||||
a) | Position/status | 1. Chief Executive 2. Non-executive director 3. Non-executive director 4. Chief Technical Officer 5. Chief Operating Officer | ||||||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||||||
3 | Details of the issuer | |||||||||||||
a) | Name | Starcom plc | ||||||||||||
b) | LEI | n/a | ||||||||||||
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 no par value | ||||||||||||
Identification code | ISIN: JE00B8WSDY21 | |||||||||||||
b) | Nature of the transaction | The options vest 3 years after grant, except in the case of Michael Rosenberg and Avi Engel where the vesting period is 2 years.. Any unexercised options expire at the end of 10 years from grant. | ||||||||||||
c) | Price(s) and volume(s) |
| ||||||||||||
d) | Aggregated information - Aggregated volume - Price
| - Options over 4,400,000 shares - 5p per share | ||||||||||||
e) | Date of the transaction | 19 July 2016 | ||||||||||||
f) | Place of the transaction | Shares issued on exercise of options to be admitted to trading on AIM, London Stock Exchange | ||||||||||||