27 Apr 2015 07:00
27 April 2015
Corero Network Security plc
("Corero", the "Company")
Grant of Options
Corero Network Security plc (AIM: CNS), the AIM listed network security company, announces that on 24 April 2015, options were granted over new ordinary shares to directors ("Options" and "Ordinary Shares") as set out below.
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| Options granted | Relevant Option scheme | Subsequent number of Options held |
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Ashley Stephenson | Chief Executive Officer | 200,000 | Unapproved | 2,500,000 |
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Andrew Miller | Chief Financial Officer | 300,000 | Unapproved | 1,996,000 |
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"Unapproved" = Corero Unapproved Share Option Plan | ||||
The Options carry an exercise price of 15p and vest in equal proportions on the first, second and third anniversaries of being granted. Any Ordinary Shares issued pursuant to the exercise of the Options may not be sold or otherwise transferred until the second anniversary of the date of being granted. There are no performance conditions associated to the vesting or exercise of the Options.
Enquiries:
Corero Network Security plc |
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Andrew Miller, CFO and Chief Operating Officer | Tel: 01895 876382 | |
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FinnCap |
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Stuart Andrews (corporate finance) | Tel: 020 7220 0500 | |
Stephen Norcross (corporate broking) |
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Redleaf Polhill | Tel: 020 7382 4747 | |
| Rebecca Sanders-Hewett/David Ison/Susie Hudson | cns@redleafpr.com | |
About Corero Network Security
Corero Network Security, an organization's First Line of Defense® against Distributed Denial of Service (DDoS) attacks and cyber threats, provide enterprises and service providers with an additional layer of security capable of inspecting and analyzing Internet traffic and mitigating attacks. Corero products and services enhance existing security architecture with a scalable, flexible and responsive defence against DDoS attacks and cyber threats before they reach the targeted IT infrastructure, allowing online services to perform as intended. The latest addition to Corero First Line of Defense® product family includes the Corero SmartWall® Threat Defense System (TDS) allowing for modular, highly scalable network visibility and DDoS defence for the Large Enterprise, Datacentre and Hosting Provider, as well as the Internet Service Provider.
For more information about how Corero solutions are protecting over 500 businesses across the globe, visit www.corero.com.
Corero Network (CNS)