19 Sep 2017 16:43
19 September 2017
Kromek Group plc
("Kromek" or the "Company")
Exercise of Options
The Company notifies that, on 15 September 2017, Jerel Whittingham, a Director of the Company, exercised options over 250,000 ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company, for an exercise price of 1.5 pence per share. Accordingly, application has been made for 250,000 new Ordinary Shares to be admitted to trading on AIM. The new Ordinary Shares will rank pari-passu with existing Ordinary Shares and it is expected that admission will occur on 25 September 2017.
Following this exercise of options, Mr Whittingham holds 364,890 Ordinary Shares, representing approximately 0.1 per cent of the Company's enlarged ordinary share capital. Following Admission, Kromek's issued share capital will comprise 260,395,618 Ordinary Shares, of which no Ordinary Shares are held in treasury. The total number of current voting rights in the Company is therefore 260,395,618 Ordinary Shares.
The above figure of 260,395,618 may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Enquiries
Kromek Group plc | |
Arnab Basu, CEO Derek Bulmer, CFO | +44 (0)1740 626 060 |
Cenkos Securities plc | |
Bobbie Hilliam (NOMAD) Julian Morse (Sales) | +44 (0)20 7397 8900 |
Luther Pendragon Ltd | |
Harry Chathli, Claire Norbury, Alexis Gore | +44 (0)20 7618 9100 |
Template for 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) | Name | Jerel Whittingham | |||
2 | Reason for the notification | ||||
a) | Position/status | Director | |||
b) | Initial notification /Amendment | Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
a) | Name | Kromek Group 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 1 pence each | |||
Identification code | GB00BD7V5D43 | ||||
b) | Nature of the transaction | Exercise of options over Ordinary Shares of 1 pence each | |||
c)
| Price(s) and volume(s) | ||||
Price(s) | Volume(s) | ||||
1.5 pence | 250,000 | ||||
d)
| Aggregated information | N/A | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 15 September 2017 | |||
f)
| Place of the transaction
| Outside trading venue | |||
About Kromek Group plc
Kromek Group plc is a UK technology Group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.
The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.
The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").
The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.
Currently, the Group has over one hundred full time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.
Kromek (KMK)