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Pin to quick picksStar Energy Regulatory News (STAR)

Share Price Information for Star Energy (STAR)

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Share Price: 11.80
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Ask: 11.95
Change: -0.025 (-0.22%)
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Grant of options

29 Jun 2017 15:15

RNS Number : 6288J
Starcom PLC
29 June 2017
 

29 June 2017

Starcom Plc

("Starcom" or "the Company")

 

Grant of options

Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that options have been granted under the Starcom PLC 2016 Global Share Option Plan over a total of 16,093,680 Ordinary Shares (representing 8 per cent. of the Company's issued share capital) ("the Options") as follows:

Grantee

Number of Options

Percentage of issued share capital

Avi Hartmann

4,023,420

2

Avi Engel

2,011,710

1

Michael Rosenberg

2,011,710

1

Uri Hartmann

4,023,420

2

Doron Kedem

4,023,420

2

The options are exercisable at a price of 2.5p per share, representing a premium of approximately 54 per cent. to yesterday's mid market closing price of 1.625p per share. The options vest as to 50 per cent. one year after grant and, as to the balance, two years after grant. Any unexercised options expire at the end of 10 years from grant.

 

Related party transaction

 

The grant of the Options is a related party transaction under AIM Rule 13. Udi Shenig, the sole independent director, having consulted with the Company's Nominated Adviser, Northland Capital Partners Limited, considers that the terms of the grant of Options are fair and reasonable insofar as the Company's shareholders are concerned.

 

END

 

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

(Sales and Broking)

 

 

Peterhouse Corporate Finance Limited

Joint Broker

 

Lucy Williams / Charles Goodfellow / Eran Zucker

 

020 7469 0930

Leander PR

Financial PR

Christian Taylor-Wilkinson

020 7520 9267

07795 168 157

 

 

This announcement contains inside information. The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

 

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 Hartmann

5. Doron Kedem

2

Reason for the notification

a)

Position/status

1. Chief Executive

2. Non-executive director

3. Non-executive Chairman

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

213800XVU7WF3QMF4826

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 for Ordinary Shares: JE00B8WSDY21

b)

Nature of the transaction

Grant of options

c)

Price(s) and volume(s)

Option Price(s)

Volume(s)

 

 

 

2.5p

1. 4,023,420

2. 2,011,710

3. 2,011,710

4. 4,023,420

5. 4,023,420

 

d)

Aggregated information

- Aggregated volume 

- Price 

 

- Options over 16,093,680 shares

- 2.5p per share (exercise price)

e)

Date of the transaction

29 June 2017

f)

Place of the transaction

Outside a trading venue.

Shares issued on exercise of options to be admitted to trading on AIM, London Stock Exchange

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHGMGZVDLNGNZM
Date   Source Headline
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